Telco Chatter May 20: US TMC highlights, TI savers conversion, ORA strikes…

Research evidence excerpt

Telco Chatter May 20: US TMC highlights, TI savers conversion, ORA strikes…

J P M O R G A N Europe Equity Research

20 May 2026

Telco Chatter

May 20: US TMC highlights, TI savers conversion, ORA

strikes…

Euro Telcos – US TMC conference feedback (note here) European Telecommunication

TI – Savings share conversion completed Services

Orange – Unions call national strike Akhil Dattani AC

Vodafone – Upgrade for German cable network (44-20) 7134-4725

Spanish Telcos – Finetwork launches €23.99 bundle akhil.dattani@jpmorgan.com

Telefonica – CNMC studying duct deregulation J.P. Morgan Securities plc

UK Altnet – Ogi offers full-fibre at £1/month Ajay Soni

Zegona – Cuts second-home fibre to €15/month (44-20) 3493-8462

ajay.soni@jpmorgan.com

Orange – Appointed new non-executive chairman J.P. Morgan Securities plc

Orange – Cyberdefense launches 'Cosmos' Ankur Baheti, CFA

Tele2 – Renews Lund housing contract (91-86) 5796-8820

Orange – MasOrange partners with Terranova ankur.baheti@jpmchase.com

Vodafone – AWS cloud trial for IoT with Nokia J.P. Morgan India Private Limited

KPN – Completes €250m share buyback

Specialist Sales contact details:

Telefonica – O2D begins cloud IMS migration

VMO2 – Offers free TV or bill credit to new customers Scott Silver - Specialist Sales -

European TMT

VMO2 – Launching symmetric B2B FTTP plans (44-20) 7134-0412

German Telcos – TC1 wholesale deal with 1&1 scott.silver@jpmorgan.com

Italian Telcos – Plenitude adds FiberCop to fibre offering

French Telcos – Free launches Freebox Pop Fidélité

Satellites – Lynk and Anterix trial 900MHz D2D satellite

US Telcos – Verizon joins Anthropic's Project Glasswing

US Telcos – Lumos appoints new CEO from Frontier

Millicom – Upside from Colombian consolidation (note here)

JPM conferences