Azcue said free cash flow came in at EUR 2.8 billion , above the company’s base guidance of approximately EUR 2.7 billion . He added that free cash flow including employee restructuring commitments and Virgin Media O2 dividends was EUR 2.1 billion , which he said exceeded updated 2025 guidance.Chief Financial and Corporate Development Officer Juan Azcue provided full-year figures, stating revenue reached EUR 35.1 billion , up 1.5% year-over-year in constant terms. Adjusted EBITDA was EUR 11.9 billion , up 2 ...

Liberty Global (NASDAQ:LBTYK – Get Free Report) and Newsmax (NYSE:NMAX – Get Free Report) are both consumer discretionary companies, but which is the better stock? We will compare the two companies based on the strength of their profitability, analyst recommendations, valuation, institutional ownership, dividends, earnings and risk. Get Liberty Global alerts: Analyst RatingsThis is a breakdown of current ratings and target prices for Liberty Global and Newsmax, as reported by MarketBeat.com. Sell RatingsHo ...

The company also emphasized capital spending discipline. Nair said property and equipment (P&E) additions were 14% of revenue in 2025, in line with prior intentions and down 2 percentage points from the prior year. CFO Chris Noyes added that total P&E additions were $640 million in 2025 versus $725 million in 2024. With adjusted OIBDA expanding and P&E additions falling, management reported adjusted OIBDA less P&E additions increased 27% for the year to $1.1 billion , or 24% of revenue .On profitability, ma ...

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]

Core Insights - NAN FUNG TRINITY (HK) LTD has initiated a new position in KT Corporation by acquiring 1,492,440 shares valued at approximately $28.31 million as of February 3, 2026 [2][10] - KT Corporation's stock price was $20.90, reflecting a 20.1% increase over the past year, outperforming the S&P 500 by 4.73 percentage points [8] Company Overview - KT Corporation is a leading telecommunications provider in South Korea, serving millions of mobile and IPTV subscribers [6] - The company has a market capitalization of $10.12 billion and generates revenue primarily from subscription-based telecom services, media content delivery, and IT solutions [4][9] - KT's revenue for the trailing twelve months (TTM) is $19.20 billion, with a net income of $698.29 million [4] Investment Implications - The acquisition of KT represents 2.24% of NAN FUNG TRINITY's 13F reportable assets, making it the 11th largest position in the fund [8][10] - Other top holdings in the fund include EWY, EWZ, AMZN, AMCR, and NVDA, indicating a focus on technology and telecommunications sectors [8][10]

Core Insights - Shenandoah Telecommunications Company (Shentel) has completed its Virginia Telecommunications Initiative (VATI) project, expanding gigabit broadband internet service to over 7,000 previously unserved homes in Shenandoah County, Virginia, with a total investment of $50 million [1][2]. Group 1: Project Details - The VATI project was partially funded by the VATI program, administered by the Virginia Department of Housing and Community Development, alongside Shentel's capital investment and contributions from Shenandoah County [1]. - The project aims to bridge the digital divide by providing high-speed internet access, which is increasingly essential for businesses and residents in rural areas [2]. Group 2: Community Impact - Local leaders expressed satisfaction with Shentel's commitment to the community, highlighting the importance of reliable broadband for learning, healthcare, and economic opportunities [2]. - The initiative reflects the Commonwealth's commitment to expanding opportunities and strengthening local infrastructure, ensuring all residents have access to necessary tools for participation in the digital economy [2]. Group 3: Company Overview - Shentel provides broadband services through high-speed fiber optic and cable networks across eight states in the eastern United States, offering a range of services including broadband internet, video, voice, and managed network services [3]. - The company operates an extensive regional network with over 18,000 route miles of fiber, emphasizing its role as a leading broadband provider in smaller markets and rural communities [3].

Core Points - Shenandoah Telecommunications Company (Shentel) declared a cash dividend of $0.11 per share, marking a 10.0% increase from the previous year's dividend [1][2] - The dividend will be payable on December 1, 2025, to shareholders of record as of November 7, 2025, representing Shentel's sixty-sixth consecutive year of annual dividends [1][2] - The increase in dividend reflects the strong performance of Shentel's Glo Fiber business and the company's confidence in future growth [2] Company Overview - Shentel provides broadband services through high-speed fiber optic and cable networks to residential and commercial customers across eight states in the eastern United States [2] - The company's service offerings include broadband internet, video, voice, high-speed Ethernet, dedicated internet access, dark fiber leasing, and managed network services [2] - Shentel operates an extensive regional network with over 17,700 route miles of fiber [2]

Core Points - Shenandoah Telecommunications Company (Shentel) has extended high-speed, gigabit internet service to approximately 3,300 additional homes in Campbell County, Virginia, with plans to add about 200 more by the end of the month [1] - The $20 million construction project is partly funded by the Virginia Telecommunication Initiative (VATI) and aims to enhance broadband infrastructure in rural areas [1] - Shentel emphasizes its commitment to serving rural communities and improving access to reliable internet for education, healthcare, and economic development [2] Company Overview - Shentel provides broadband services through high-speed fiber optic and cable networks to residential and commercial customers across eight states in the eastern United States [3] - The company owns an extensive regional network with over 17,700 route miles of fiber, offering services such as broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services [3] Community Impact - The collaboration with the Virginia Department of Housing and Community Development on the VATI project is recognized for its positive impact on underserved households and businesses in Campbell County [2] - The initiative aims to create competitive communities by expanding broadband access, which is essential for unlocking opportunities in various sectors [2]

Core Viewpoint - Charter Communications, Inc. (NASDAQ:CHTR) is identified as a top large-cap stock to buy at a 52-week low, with a price target adjustment from $380 to $350 while maintaining an Overweight rating [1][2]. Company Analysis - The analyst anticipates increased competition in the telecommunications sector, which could impact companies like Charter Communications significantly, depending on their strategic responses [2][3]. - Charter Communications must manage pricing, customer volume, and marketing costs effectively, although this will be challenging due to rising competitive pressures [3]. Industry Context - The competitive landscape is expected to strengthen some companies through potential mergers, indicating a dynamic environment for Charter Communications [2].

Core Insights - Three companies, Realty Income, Verizon, and Pfizer, have consistently raised their dividend payouts for over 16 years while offering attractive yields above 5% [2] Group 1: Realty Income - Realty Income has been providing monthly dividend payments for over 50 years, but its stock price has declined about 22% from its peak three years ago [4] - The company employs net leases, which ensure predictable cash flows, and has raised its dividend 131 times since going public in 1994 [5] - Realty Income's stock currently offers a yield of 5.5%, with total distributions in Q2 increasing by 3.7% year over year [6] - As of June, 98.6% of Realty Income's 15,606 properties were occupied, with an average lease term of nine years, ensuring steady cash flow growth [7] Group 2: Verizon - Verizon's stock is down about 28% from its all-time high in late 2019, yet it has raised its dividend for 18 consecutive years, currently offering a yield of 6.1% [8][9] - The company's wireless service revenue rose 2.2% year over year to $20.9 billion in Q2, contributing to a total revenue increase of 5.2% [9] - Verizon has raised its free cash flow forecast for 2025 to between $19.5 billion and $20.5 billion, indicating the ability to maintain dividends while reducing debt [10] Group 3: Pfizer - Pfizer's stock has decreased by about 59% from its 2021 peak, primarily due to concerns over expiring drug patents, but it has raised its dividend every year since 2009, currently offering a yield of 6.8% [11] - The company anticipates a revenue decline of $17 billion to $18 billion due to patent expirations starting in 2026, but it has prepared for this by acquiring Seagen for $43 billion [12] - By 2030, assets from Seagen and other acquisitions are expected to generate over $20 billion in annual sales, potentially allowing Pfizer to continue its dividend-raising streak [13]