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Scotiabank Lowers BCE Price Target to C$39.50, Maintains Outperform
Yahoo Finance· 2026-02-17 12:54
We recently published an article titled 11 Best Canadian Growth Stocks to Buy According to Hedge Funds. On February 6, Scotiabank lowered its price target on BCE Inc. (NYSE:BCE) to C$39.50 from C$40.25 while maintaining an Outperform rating, indicating that despite modest valuation adjustments, the firm continues to view the risk-reward profile favorably. During its third-quarter 2025 results conference call, BCE Inc. (NYSE:BCE) reported a 1.3% increase in total revenue, supported in part by the acquisi ...
Turkcell (TKC) 5G Launch in 2026 Seen as Major Growth Catalyst, BofA Retains Buy Rating
Yahoo Finance· 2026-02-15 14:11
Core Viewpoint - Turkcell Iletisim Hizmetleri A.S. is identified as one of the best undervalued European stocks to buy, with a price target set at TRY126.40 while maintaining a Buy rating from BofA Securities [1]. Group 1: Financial Performance and Projections - Turkcell's revenue is projected to increase by approximately 7% excluding inflation by 2026, with strong margins expected to be around 43% [1][2]. - The company's financial position is anticipated to show a net debt to EBITDA ratio of 0.9x by 2026, which indicates a manageable leverage level [3][4]. - Turkcell is expected to maintain a dividend payment ratio of 50% due to its modest net foreign exchange exposure [4]. Group 2: Growth Catalysts - The commercial introduction of 5G in April 2026 is seen as a potential catalyst for Turkcell's performance [2][3]. - Turkcell's unique presence in data centers is projected to contribute approximately 10% of its revenue over the next five years [2][3]. Group 3: Company Overview - Turkcell Iletisim Hizmetleri A.S. is a Turkish provider of converged telecommunication and technology services, offering tower and satellite services, fixed data services, international roaming services, and voice services [5].
Spectrum can't be transferred, sold by telcos: Supreme Court
The Economic Times· 2026-02-14 00:31
Core Viewpoint - The Supreme Court ruled that telecom spectrum is a scarce public resource and cannot be transferred or sold under the Insolvency and Bankruptcy Code (IBC), marking a significant win for the government and a setback for lenders involved with Aircel Ltd [7]. Group 1: Legal Framework and Court Rulings - The court stated that the bankruptcy code cannot guide the restructuring of ownership and control of spectrum, emphasizing that its control must be secured for citizens [1][7]. - The court dismissed appeals from the State Bank of India-led committee of creditors and others, who argued that spectrum, as an intangible asset, could be monetized under the insolvency process [7]. - The court found that spectrum allocated to telecom service providers (TSPs) cannot be subjected to IBC proceedings, reinforcing that the statutory regime under IBC should not interfere with the telecom sector's legal framework [4][7]. Group 2: Implications for Telecom Sector - The court criticized the lenders' interpretation of the law as "myopic," stating that the entirety of the telecom sector cannot be governed by the IBC due to differing subjects and purposes of the statutes involved [5][7]. - The tripartite agreement between the Department of Telecommunications (DoT), TSPs, and banks is designed to secure financial assistance for phone companies while protecting lender interests, but lenders are barred from operating services [6][7]. - The court highlighted that while the telecom license may be conditionally transferable to protect lender interests, such transfers remain under the licensor's regulatory control [6][7]. Group 3: Ownership Rights and Asset Classification - The IBC explicitly excludes assets over which corporate debtors do not have ownership rights from the resolution framework, aligning with the 2015 Bankruptcy Legislative Reforms Committee Report that states not all assets can be liquidated [6][7].
Telecom service providers do not own spectrum: Supreme Court
The Hindu· 2026-02-13 20:31
The Supreme Court on Friday (February 13, 2026) laid down that telecom service providers (TSPs) do not own spectrum, a precious and finite public resource meant to be used for the common good of all, and cannot include it among their pool of “assets” for insolvency or liquidation.A Bench of Justices P.S. Narasimha and Atul Chandurkar held that Insolvency and Bankruptcy Code (IBC) excludes any assets over which a corporate debtor has no ownership rights.“Mere recognition of spectrum licensing rights as an in ...
Telecom service providers do not own spectrum, cannot list the public resource as an ‘asset’ for insolvency or liquidation: SC
BusinessLine· 2026-02-13 15:23
The Supreme Court on Friday laid down that telecom service providers (TSPs) do not own spectrum, a precious and finite public resource meant to be used for the common good of all, and cannot include it among their pool of ‘assets’ for insolvency or liquidation.A Bench of Justices PS Narasimha and Atul Chandurkar held that the Insolvency and Bankruptcy Code (IBC) excludes any assets over which a corporate debtor has no ownership rights.“Mere recognition of spectrum licensing rights as an intangible asset by ...
Millicom (Tigo) notice of fourth quarter 2025 results and video conference
Globenewswire· 2026-02-13 14:33
Company Overview - Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America, offering a variety of digital services and products under the TIGO® and Tigo Business® brands [4] - The company provides mobile financial services through TIGO Money, local entertainment via TIGO Sports, pay TV with TIGO ONEtv, and business-to-business solutions including cloud and security [4] - As of September 30, 2025, Millicom employed approximately 14,000 people and served over 46 million customers, with a fiber-cable footprint covering more than 14 million homes [4] Upcoming Financial Results - Millicom is set to announce its fourth quarter 2025 results on February 26, 2026, through a press release [1] - A video conference for the global financial community will be held on the same day at 08:00 (New York) / 14:00 (Luxembourg) / 13:00 (London) [1] Event Participation - Registration for the interactive video conference is required, and participants will receive a confirmation email with joining details [2] - Participants can ask questions during the live event by notifying the Investor Relations team via email [2] - The conference can also be joined in listen-only mode through provided dial-in numbers and entering the Webinar ID: 869 1177 5553 [3]
TDS and Array to release fourth quarter operating results and host conference call on February 20, 2026
Prnewswire· 2026-02-13 13:00
Core Viewpoint - Telephone and Data Systems, Inc. (TDS) and Array Digital Infrastructure, Inc. will release their fourth quarter operating results and host a conference call on February 20, 2026, at 9:00 a.m. Central Time [1] Group 1: Company Information - TDS was founded in 1969 and provides broadband services and wireless infrastructure through its subsidiaries, TDS Telecom and Array Digital Infrastructure, Inc. [1] - The financial results will be available on the same day as the conference call, February 20, 2026 [1] Group 2: Conference Call Details - The conference call will be webcast live and available on demand [1] - Participants are advised to register at least 15 minutes prior to the presentation to ensure proper setup of multimedia streaming software [1]
TELUS Q4 Earnings Call Highlights
Yahoo Finance· 2026-02-13 10:12
Core Insights - TELUS reported a record free cash flow of CAD 2.2 billion for 2025, with guidance for 2026 indicating continued growth in service revenue and adjusted EBITDA of 2-4% [4][7][9] - The company emphasized customer loyalty, achieving a postpaid mobile phone churn rate of 0.97%, marking the 12th consecutive year below 1% [1][5] - Leadership transition is underway, with CEO Darren Entwistle announcing his retirement effective June 30, 2026, and former CIBC CEO Victor Dodig set to take over [2][5] Financial Performance - TELUS generated record free cash flow of CAD 2.2 billion in 2025, an 11% increase from 2024, and expects free cash flow to grow to approximately CAD 2.45 billion in 2026 [4][9] - Adjusted EBITDA for TELUS increased by 3.1% in 2025, with a forecast for similar growth in 2026 [7][8] - The company reported a decline in ARPU of 1.6% in Q4, but noted it was the strongest sequential improvement among peers [7] Customer Growth - TELUS added 1.1 million combined mobile and fixed net customers in 2025, including a record 716,000 connected device additions [5][6] - In Q4, the company achieved 377,000 total telecom customer net additions, with wireless net additions of 337,000 [6] Health and Digital Initiatives - TELUS Health reported double-digit revenue and adjusted EBITDA growth, with CAD 431 million in annualized synergies from the LifeWorks acquisition [10][11] - The company aims to grow AI-enabling capabilities revenue from CAD 800 million in 2025 to approximately CAD 2 billion by 2028 [12] Capital Allocation and Leverage - TELUS is reducing its dividend reinvestment plan discount to 1.75% from 2%, with plans for further reductions through 2026 and 2027 [14] - The company ended 2025 with a net debt to EBITDA ratio of 3.4x, with expectations to reach about 3.3x by the end of 2026 [15] Competitive Landscape - TELUS executives noted increased promotional activity in the wireless market, with a strategy to maintain premium brand economics while focusing on churn and cash flow [16]
锦旗背后的“移动力量”:根治乡村“空中蛛网”,绘就和美画卷
Qi Lu Wan Bao· 2026-02-13 09:45
整治过程中,环翠移动坚持"改造与规范同步、安全与美观并重",通过线缆入地迁改、规范捆扎、废旧 线缆拆除等一系列硬招实招,让昔日纵横交错的"空中蛛网"遁于无形。村内巷道敞亮了,安全隐患消除 了,通信网络也跑出了"加速度"。村民真切感受到了家门口的变化:"以前线乱得跟蜘蛛网似的,现在 整齐多了,网速也更快了!" 此次线路整治不仅提升了通信接入能力与网络稳定性,更擦亮了乡村"颜值",为农村人居环境改善注入 了信息化动能。崮山镇政府在赠旗时对环翠移动主动担当、高效落实的工作作风给予高度评价。 一面锦旗,一份责任。山东移动威海环翠分公司表示,将始终践行央企使命,持续贯彻落实市委、市政 府工作要求,总结推广试点经验、优化工作模式,高标准推进后续批次整治任务,为建设和美乡村、助 力乡村振兴贡献更多"移动力量"。 齐鲁晚报.齐鲁壹点客户端李孟霏 2月11日,威海市崮山镇政府有关负责人专程来到山东移动威海环翠分公司(以下简称"环翠移动"),将 一面绣着"风雪无阻攻坚志线路治理尽责心"的锦旗亲手送到企业负责人手中。"这面锦旗既是认可,更 是动力。"接过锦旗的环翠移动副总经理侯春生表示,"能为老百姓办实事、为乡村添新貌,是我们作为 ...
SC says spectrum of bankrupt telecom operators can't be sold to repay lenders
MINT· 2026-02-13 05:23
NEW DELHI/MUMBAI: The Supreme Court on Friday ruled that telecom spectrum is a “material resource of the community” and cannot be treated as an ordinary asset under the Insolvency and Bankruptcy Code (IBC) to repay lenders in the insolvency proceedings of Aircel and Reliance Communications (RCom).A bench comprising Justice P.S. Narasimha and Justice Atul Chandurkar held that spectrum belongs to the people of India, with the government acting as trustee, and that the IBC cannot override the statutory framewo ...