China Mobile reported very strong July net subscriber additions of 5.6 million (+1% q/q and +25% y/y) that topped our estimate by ~440k. Prepaid net additions of 5.2 million were largely responsible for the upside to our estimate, while postpaid net additions of 380k were slightly above our estimate. Prepaid accounted for 92% of net…
Anatel, the Brazilian telecom regulator, officially reported operator market share for the month of July. All of the companies are tracking to beat our quarterly estimates, which are currently under review, primarily based on the better than expected industry growth we discussed on Wednesday.
China Unicom reported July net subscriber additions of 1.5 million, which topped our estimate by ~300k from upside in both its GSM and CDMA business. In each of the past five months, Unicom has outpaced our net addition estimate by ~300k subscribers reflecting accelerating growth in China and better execution by the company.
Based on conversations with multiple sources, we believe that Paramount is set to will make new releases (starting with Blades of Glory later this month) and the vast majority of its entire catalog available exclusively in the HD-DVD format (unclear whether that includes titles from its including sister studio Dreamworks). While Paramount (owned by Viacom)…
Tonight marks the return of the High School Musical franchise, with the premiere of High School Musical 2 on the Disney Channel at 8 pm (launches in the UK and many other international markets occurs in late September). HSM2 is a critical swing factor for DIS shares as the original High School Musical made for…
As we first highlighted in late July (click here for post), MCCC is locked in a heated battle with the Big Ten Network (BTN), which is set to launch in less than two weeks. MCCC wants to tier the network on digital due to its cost, while BTN (co-owned by News Corp. and the Big…
China Mobile reported strong Q2 results that saw EBITDA margins bounce back to 55.6% versus our estimate of 53.0% and erosion in the past two quarters. The margin erosion had been an area of concern for investors. This strong performance could alleviate those concerns and return the focus to subscriber growth which has been consistently…
While we continue to believe that the US distribution landscape will consolidate over the next several years, leaving two large cable companies (Comcast and Time Warner Cable) and two large RBOCs (Verizon and AT&T), we believe investors should not read too much into Paul Allen’s 13D filing yesterday (Mr. Allen is CHTR’s controlling shareholder; click…
Anatel, the Brazilian telecom regulator, posted total industry wireless subscribers for the month of July to its website this morning that were stronger than expected. Monthly net additions of 1.9 million were 60% higher than our estimate of 1.2 million and grew 44% compared to the prior year. We had forecast a 10% decline but…
Charter, earlier today, announced that it had enacted a shareholder rights plan that essentially limits the ability of shareholders to own more than 5% of CHTR’s class A common stock without the boards’ authorization. The shareholder rights plan has nothing to do with a takeover of CHTR, as CHTR’s voting power is already controlled by…
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