PresentationBryan KraftDeutsche Bank AG, Research Division Okay. Good morning, everyone. Welcome to our conference this year. I'm Bryan Kraft. I cover media and telecom for Deutsche Bank on the equity side. I'd like to welcome everyone to the conference. And I'd like to introduce our first speaker today, which is Pascal Desroches, who's the Chief Financial Officer of AT&T. Pascal, welcome. ...

Upgrades - TD Cowen upgraded Iqvia (IQV) to Buy from Hold with a price target of $213, increased from $174, citing no expected revenue headwinds from AI [2] - Wolfe Research upgraded Brinker (EAT) to Outperform from Peer Perform with a price target of $184, noting that the Chili's unit has "earned value credibility" and traffic has outperformed [2] - Scotiabank upgraded Verizon (VZ) to Outperform from Sector Perform with a price target of $54.50, up from $50.25, after positive management meetings indicating strong momentum in subscriber loading and cost improvements [3] - Argus upgraded AutoZone (AZO) to Buy from Hold with a price target of $4,325, driven by expectations of positive year-over-year profit growth starting in Q3 after two quarters of negative earnings growth [4] - Rothschild & Co Redburn upgraded GE Vernova (GEV) to Buy from Sell with a price target of $1,100, up from $560, due to stronger than expected demand and margins in power and utilities [4] Downgrades - Wolfe Research downgraded Starbucks (SBUX) to Peer Perform from Outperform without a price target, indicating a need for evidence of sustained execution despite emerging positive signs [5] - William Blair downgraded Talkspace (TALK) to Market Perform from Outperform without a price target, following the announcement of its acquisition by Universal Health Services (UHS) for $5.25 per share, totaling $835 million [5] - TD Cowen downgraded Western Alliance (WAL) to Hold from Buy with a price target of $83, citing decreased investor tolerance for future credit events despite idiosyncratic exposures [5] - Bernstein downgraded Brown-Forman (BF.B) to Market Perform from Outperform with a price target of $29, down from $37.50, due to anticipated margin pressures from rising costs of barreled whiskey [5] - Citizens downgraded Marriott Vacations (VAC) to Market Perform from Outperform without a price target, suggesting the board should have considered strategic alternatives given a 60% stock decline over the previous CEO's tenure [5]

Core Viewpoint - Jeffs' Brands Ltd, through its subsidiary KeepZone AI Inc., has entered into a channel partner agreement with TDCOMM Ltd to distribute private wireless network solutions in Ecuador, addressing the need for secure communications infrastructure in various critical environments [1][2][3]. Group 1: Agreement Details - KeepZone has been appointed as a distributor for TDCOMM's private wireless network solutions in Ecuador, with potential for expansion into additional territories upon mutual agreement [2]. - The collaboration aims to support the growing need for secure communications infrastructure capable of connecting various operational systems across government and critical infrastructure facilities [3][4]. Group 2: Technology and Applications - TDCOMM provides a software-defined platform and turnkey wireless infrastructure for deploying secure, private 4G and 5G communications networks designed for mission-critical environments [4]. - The private LTE and 5G infrastructure enables organizations to connect surveillance cameras, monitoring sensors, and command systems, forming the backbone of modern situational awareness platforms [5][8]. Group 3: Deployment Environments - Key deployment environments include government and defense campuses, ports, oil and gas facilities, mining operations, border security sites, and transportation hubs [11]. - TDCOMM's technology supports mobile and off-grid deployments, including vehicle-mounted systems that can create temporary secure communications networks in remote areas [7]. Group 4: Strategic Importance - The agreement expands KeepZone's portfolio of homeland security technologies, diversifying its existing AI-enabled solutions for threat detection, counter-drone systems, RF spectrum intelligence, and cybersecurity [9]. - The collaboration aims to enhance communications resilience and operational awareness for government, defense, and critical infrastructure operators in Ecuador [14].

BARCELONA, Spain, March 9, 2026 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, has secured multiple honors in the GSMA Global Mobile Awards (GLOMO Awards) during MWC Barcelona 2026.The company won the “Best Private Network Solution” Award, the “Open Gateway Challenge” Award and the “Best Event Activation” Award in recognition of its consistent technological innovation and in-depth industry integration. These ...

Core Viewpoint - Truecaller AB has been actively repurchasing its B shares as part of a buyback program initiated in May 2025, with a total of 970,000 shares repurchased in week 10 of 2026, representing 0.27% of outstanding capital [1] Summary of Share Buybacks - During week 10 (March 2-6, 2026), Truecaller repurchased 970,000 B shares, bringing the total repurchased since the program's inception to 13,629,594 shares, which is 3.85% of the outstanding capital [1] - The buyback program is authorized until the 2026 Annual General Meeting (AGM) and allows for repurchases up to 10% of the total shares outstanding as of the AGM date [1] - The aggregated daily volume and weighted average share price for the week were as follows: - March 2: 270,000 shares at SEK 11.203 - March 3: 250,000 shares at SEK 11.182 - March 4: 150,000 shares at SEK 11.511 - March 5: 150,000 shares at SEK 11.711 - March 6: 150,000 shares at SEK 12.281 - The total transaction value for the week was SEK 11,144,744 [1] Total Shares and Holdings - As of March 6, 2026, Truecaller holds 17,574,926 B shares and 5,013,786 C shares, amounting to 6.38% of the outstanding capital [1] - The total number of shares, including own shares, is now 353,790,721, while the number of outstanding shares, excluding own shares, is 331,202,009 [1] Historical Buyback Summary - A summary of Truecaller's buyback programs includes: - October 2022 - May 2023: 13,281,779 shares at an average price of SEK 33.994 - June 2023 - May 2024: 15,365,336 shares at an average price of SEK 31.784 - June 2024 - May 2025: 3,945,332 shares at an average price of SEK 36.351 - June 2025 - March 2026: 13,629,594 shares at an average price of SEK 21.132 - The total shares repurchased across all programs amount to 46,222,041 at an average price of SEK 30.051 [1]

Market Overview - In 2025, global M&A deal value surged by 40% to an estimated $4.9 trillion, marking the second-highest year on record[13] - The volume of deals increased by 7%, with megadeals over $5 billion accounting for more than 73% of the incremental deal value[14] - Despite the rebound, M&A's share of capital allocation reached a low of 7%, indicating companies are prioritizing other investments like capex and R&D[41] Industry Trends - Technology M&A saw a remarkable 77% increase, driven by acquisitions related to AI, including Alphabet's $32 billion purchase of Wiz[22] - Advanced manufacturing and services also contributed significantly, highlighted by Union Pacific and Norfolk Southern's $88 billion merger[23] - The shift towards scope deals was notable, with 60% of deals valued over $1 billion categorized as scope, reflecting a focus on revenue growth[54] Geographical Insights - The U.S. accounted for nearly half of total strategic deal value, while Greater China led in deal count, with over 80% of its deal value coming from the domestic market[29] - Japan's M&A market doubled in value, becoming the third-largest globally, while Europe, the Middle East, and Africa experienced strong growth in deal value[29] Future Outlook - 80% of M&A executives anticipate sustaining or increasing deal activity in 2026, driven by improving macro conditions and a backlog of private equity assets ready for exit[68] - Companies are expected to focus on reinvention strategies to adapt to technology disruption, post-globalization, and shifting profit pools, making M&A a critical tool for transformation[75]

3月8日，"中电信量子"官方公众号发布严正声明，称网传的"中国电信对外展示了两款量子通信手机样品（型号REEDONE GK5），这两 款产品由中国电信和国盾量子在现有品牌手机基础上改造而来"的相关信息不实。 声明内容如下：近日，网络上流传"中国电信对外展示了两款量子通信手机样品（型号REEDONE GK5），这两款产品由中国电信和国盾量 子在现有品牌手机基础上改造而来"的相关信息。经我司核实，该信息为不实信息。型号为REEDONE GK5的手机产品与中国电信及其全资 子公司中电信量子集团、控股公司国盾量子无任何关联。 中电信量子集团始终致力于推动量子技术的科技创新与产业推广，对于未经授权擅自使用我司及母公司和控股公司名义进行宣传的行为， 我司保留追究相关法律责任的权利。 多地景区官宣：3月免门票 嫣然医院设立电商公司 来源： 潇湘晨报 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 ...

Core Insights - Cogent Communications has returned to organic revenue growth after a period of decline following the acquisition of Sprint Global Markets Group, with expectations of continued growth despite revenue declines from the acquired customer base [3] - The company has expanded its EBITDA margin by 800 basis points year over year, primarily due to cost cuts and an increased share of higher-margin "on-net" services [1] - A multi-step plan is in place to improve balance sheet flexibility and refinance upcoming debt maturities, including a proposed corporate restructuring [6][10] Financial Performance - Cogent's revenue mix has shifted significantly post-Sprint acquisition, improving to 61% on-net services, 39% off-net, and less than 1% non-core [1] - The company previously delivered over 10% annual organic growth for 18 years without M&A but averaged approximately 5.5% negative year-over-year revenue growth over nine quarters following the Sprint transaction [3] - The company aims for top-line growth of 6% to 8% and at least 200 basis points of margin expansion per year [11] Debt and Refinancing Strategy - Cogent has a debt structure that includes $600 million secured debt maturing in 2032 and $750 million unsecured debt maturing in 2027 [8] - A refinancing strategy involves creating a subsidiary to hold $623 million of capital lease obligations and using a divisive merger to separate developed-world IRUs associated with roughly $569 million of debt [10] - The company plans to contribute 100% of proceeds from the prospective sale of data centers into the borrowing group to enhance collateral and potentially reduce the cost of capital [16] Data Center Strategy - Cogent has initiated a one-year program to convert 125 of its 482 facilities, investing $100 million primarily into the largest facilities, with completion expected by June 2025 [15] - The company has recognized an "acute shortage" of available data center power and acquired 230 MW of existing power as a scarce resource [14] - A potential sale of 10 data centers is in negotiation, with proceeds expected to exceed previous offers, although the agreement remains subject to due diligence [16] Company Overview - Cogent Communications is a multinational Internet service provider specializing in high-speed Internet access and data transport services, operating one of the largest Tier 1 IP networks globally [19] - The company offers a range of services including dedicated Internet access, Ethernet transport, wavelength services, and MPLS-based IP Virtual Private Networks [19] - In addition to network connectivity, Cogent provides data center colocation and managed services to support businesses with demanding bandwidth and redundancy requirements [20]

When it comes to the wireless stocks, investors seem to have made peace with competitive dynamics in the industry. Late last year, Wall Street worried that Verizon was talking up growth under new CEO Dan Schulman. The wireless industry had been somewhat counting on Verizon to stay disciplined with its pricing and not lead rivals toward a race to the bottom in pursuit of its own subscriber growth.The standout performance of telecommunications stocks dovetails with broader momentum for value plays. The Russel ...

Core Viewpoint - Verizon's stock has experienced a significant rally following strong fourth-quarter results, outperforming broader market indices [1][2]. Group 1: Stock Performance - Verizon's share price surged 20.4% in February, contrasting with a 0.9% decline in the S&P 500 and a 3.4% decline in the Nasdaq Composite [1]. - The stock is up approximately 25.5% year-to-date in 2026 [2]. - Despite recent gains, Verizon's stock trades at 10.4 times this year's expected earnings, with a dividend yield of around 5.4% [11]. Group 2: Analyst Ratings and Price Targets - Following the strong fourth-quarter report, numerous analysts raised their stock ratings and price targets for Verizon in February [4]. - Daiwa upgraded its rating from outperform to buy and increased its one-year price target from $48 to $58 per share [5]. - Analysts highlighted Verizon's addition of 616,000 net postpaid subscribers as a significant achievement, indicating sustainable momentum for customer additions [7]. Group 3: Market Context - Verizon's stock has continued to rise in March, gaining 1.9% despite broader market volatility [8]. - Geopolitical tensions and macroeconomic factors have led to a general decline in stock prices, particularly affecting growth-dependent companies, while dividend-paying value stocks have seen valuation gains [10].