After several months of speculation, the WiMax joint-venture announcement (click here for CLWR’s 8-K filing) has been finalized. Now the question becomes whether a complex JV is truly a viable option for the cable industry or whether cable industry leaders (Comcast and Time Warner Cable) are merely trying to “check-off” the wireless strategy check box…
The America Movil investor meeting has kicked off with the Chairman, CEO, and CFO basically reviewing how much they have grown the business since 2000 and how the financial stability of Latin America has improved. Presumably the rest of the day will provide more vision on where they go from here given the 70% penetration…
Our investment thesis on NCMI is premised on the view that the cinema advertising platform is becoming an increasingly important medium for brands to utilize as part of their broader advertising program, particularly when trying to reach younger demos. In that light, it is encouraging to see the auto industry notably increasing their spending on…
Cablevision reports Q1 2008 results on Thursday, however, investor focus is likely to have little-nothing to do with Cablevision’s core cable business. Rather, we and investors will be acutely focused on Cablevision’s discussion of its use of cash plans over the next couple of years (given the rise of several issues since CVC’s last public…
TIM Participacoes reported Q1 EBITDA that was well below our estimate on ARPU that was sharply down and on elevated bad debt. ARPU of R$29.66, which missed our estimate by R$2.60, was down 13% sequentially and from the prior year. Click here for a copy of our note. Click here for a table that details actual results…
Virgin Mobile reported Q1 results that missed our EBITDA estimate due primarily to higher churn. EBITDA of $25.3 million was $4.9 million lower than our estimate resulting in an EBITDA margin of 8.3% versus our 9.9% estimate. Click here for a copy of our note. Click here for a table that details actual results versus our estimates.
An article in the Saturday May 3rd Orlando Sentinel (Click Here for article) indicates that March 2008 resort tax collections in Orlando, FL were up 5.1% y-o-y (albeit, March benefited from having Easter in 2008 vs. falling into calendar Q2 last year). Disney’s theme park division remains investors’ #1 concern, yet all signs point to…
Over the past two days America Movil has been kicked out of Ecuador and been the target of a widened probe by the anti-trust group in Mexico. Its hard to question the clout that Carlos Slim wields in Mexico and throughout Latin America. He is one of the richest men in the world and has…
Vivo Part reported Q1 EBITDA of R$961 million which topped our estimate by R$36 million primarily from subscriber acquisition costs (SAC) that was 18% below our estimate. Net additions were already reported by the regulator but the details of reaching that number are higher than expected gross additions offset by increased churn. Click here for a…
Following a fatal shark attack in California last Friday, national media attention over the weekend focused on sharks and shark attacks. On Saturday, the lead story on Yahoo.com (see screenshot taken on 4/26 in full post below) was “Why Sharks Attack,” with the story sourced directly from Howstuffworks.com. In addition, when you go to the…
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