公司出售业务相关 - 英国电信巨头沃达丰周五表示已同意以80亿欧元（87亿美元）将其意大利业务出售给瑞士电信[2] - 沃达丰此前拒绝了法国亿万富翁泽维尔·尼尔旗下伊利亚特集团的收购要约一直处于削减成本运动中包括裁员和出售海外部门[3] - 沃达丰将以高达50亿欧元的价格将其西班牙业务出售给投资基金Zegona[10] - 沃达丰去年已完成匈牙利业务的出售[12] 公司业务重塑相关 - 沃达丰首席执行官表示与瑞士电信的交易标志着公司欧洲业务重塑的第三步也是最后一步[5] - 沃达丰表示未来公司业务将在不断增长的电信市场运营能够实现可预测的更强劲的欧洲增长[6] - 瑞士电信将把沃达丰意大利公司与其意大利子公司Fastweb合并瑞士电信CEO称此次合并的产业逻辑很强[7] 公司拒绝收购相关 - 今年早些时候沃达丰拒绝了伊利亚特提出的合并其意大利业务的提议当时沃达丰意大利业务估值为104.5亿欧元[8] - 2022年2月沃达丰已拒绝了伊利亚特和私募股权集团Apax Partners提出的112.5亿欧元的收购方案[9] 公司股东回报相关 - 沃达丰计划在出售意大利和西班牙业务后向股东返还40亿欧元这两项业务总计120亿欧元[4] 公司其他相关 - 尼尔已持有沃达丰2.5%的股份[10] - 接近此事的消息人士称沃达丰更倾向于与瑞士集团的交易因为有大量现金且交易完成的确定性更高更易获得意大利监管机构批准[10] - 沃达丰首席执行官去年决定削减1.1万个工作岗位占公司全球员工总数的10%以上以削减成本[11] - 英国竞争监管机构正在调查沃达丰与和记黄埔旗下Three UK合并英国移动电话业务的计划[12]

核心观点 - Vodafone Group PLC已同意以80亿欧元（68亿英镑）将其意大利业务出售给Swisscom这一举措是公司欧洲业务重组的一部分目的在于摆脱业绩不佳的业务板块并创造价值[1][2][3][4][5] 出售意大利业务相关 - Vodafone Group PLC已签署将其意大利业务以80亿欧元（68亿英镑）出售给Swisscom的协议[1] - 此次出售对Vodafone Italy的估值为调整后EBITDA的7.6倍[5] - 公司老板称出售意大利业务为公司创造重要价值并确保公司在意大利保持领先地位[4] 出售业务的背景及整体规划 - 债务缠身的英国跨国电信公司Vodafone最初于2月确认与Swisscom就潜在出售进行谈判这是其欧洲业务重大改革的一部分[2] - 公司老板表示这是重塑欧洲业务的第三步未来公司业务将在增长的电信市场运营以实现更可预测更强的增长并加速B2B业务[3] 债务与出售业务的关系 - Vodafone账面上有400亿英镑债务一直努力摆脱业绩不佳的业务部门[5] 出售意大利和西班牙业务的收益及分配 - 从退出意大利和西班牙业务中Vodafone将获得120亿欧元的意外之财公司将把其中三分之一通过回购返还给股东[6]

文章核心观点 - 文章比较了两家通信服务公司PT Telekomunikasi (TLK)和Swisscom AG (SCMWY)的投资价值[1] - 通过Zacks Rank和Style Scores模型分析,认为TLK更具投资价值[3][8] 公司分析 PT Telekomunikasi (TLK) - 目前TLK的Zacks Rank为2(买入),表明其盈利预期有改善[3] - TLK的估值指标如市盈率(14.04)、市销率(2.28)等显示其股价相对低估[6][7] - TLK的PEG ratio为1.14,低于SCMWY的6.80,表明其增长性更强[6] Swisscom AG (SCMWY) - SCMWY目前的Zacks Rank为4(卖出),表明其盈利预期不佳[3] - SCMWY的估值指标如市盈率(16.12)、市净率(23.46)显示其股价相对较高[6][7] - SCMWY的PEG ratio为6.80,远高于TLK的1.14,表明其增长性较弱[6]

沃达丰意大利业务出售 - 沃达丰集团与瑞士电信公司瑞士康就出售其意大利业务展开独家谈判[1] - 交易涉及的总企业价值为80亿欧元，不包括债务和现金[3] - 如果以这个价格完成交易，将代表预测自由现金流的26倍和基础收益的7.6倍[4] 交易价格比较 - 与去年建议的与巴黎总部电信公司Iliad合并意大利业务的104.5亿欧元价值相比，这个价格较低，尽管后者仅涉及65亿欧元的现金支付[5] 沃达丰看法 - 沃达丰认为这次潜在交易为股东提供了最佳的价值创造、现金收益和交易确定性的组合[6]

Investors interested in stocks from the Diversified Communication Services sector have probably already heard of PT Telekomunikasi (TLK) and Swisscom AG (SCMWY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with ...

Swisscom AG (OTCPK:SWZCF) Q4 2023 Earnings Conference Call February 8, 2024 8:00 AM ET Company Participants Louis Schmid - Head, Investor Relations Christoph Aeschlimann - Chief Executive Officer Dirk Wierzbitzki - Chief Executive Officer, Residential Customers, Switzerland Urs Lehner - Chief Executive Officer, Business Customers Switzerland Walter Renna - Chief Executive Officer, Fastweb Eugen Stermetz - Chief Financial Officer Conference Call Participants Polo Tang - UBS Joshua Mills - BNP Paribas Exane G ...

n 11 / / 1 / 2 | --- | --- | |-------|----------------------------------------------------| | | | | | | | | | | | | | | Analyst and investor presentation FY 2023 results | | | 08 February 2024 | | --- | --- | --- | --- | --- | --- | |-------|---------------------------------------------|--------|-------|-------|-------| | | | | | | | | | Agenda | | | | | | | Welcome and introduction | | | | | | 1. | Successful 2023 | p3-6 | | | | | 2. | Empowering the digital future | | | | | | | as Innovators of Trust | p7 ...

Investors interested in stocks from the Diversified Communication Services sector have probably already heard of PT Telekomunikasi (TLK) and Swisscom AG (SCMWY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks ...

The Zacks Diversified Communication Services industry appears to be mired in high capital expenditures for 5G infrastructure upgrades, unpredictable raw material prices, supply-chain disruptions amid the prolonged Russia-Ukraine war and Israel-Hamas conflict, China’s soft market conditions and high customer inventory levels. However, the industry is likely to benefit in the long run from an accelerated 5G rollout and increased fiber densification.  Nevertheless, Swisscom AG (SCMWY) , PT Telekom Indonesia (T ...

Analyst & investor presentation Q3 2023 results 02 November 2023 visscor | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------------------------------------------------------| | | | | | | | | | | | Agenda | | | | | | | | | | | | Introduction Louis Schmid, Head of Investor Relations | | | | | | 1 Highlights Christoph Aeschlimann, CEO | | | | | | 2 Business review Christoph Aeschlimann, CEO | | | | | | 3 Financial results | | | | | | Eugen Stermetz, CFO Q&A | | | | | | | | | | | | Appendix ...