Telco Daily: TI, Digi UK fibre, Satellites

Research evidence excerpt

Telco Daily: TI, Digi UK fibre, Satellites

Equity Research

European Telecom Services

20 May 2026

Telco Daily

TI, Digi UK fibre, Satellites

We highlight latest research, news flow and significant

observations relevant to our stock coverage across European/

CEEMEA Telecoms, and Global Towers/Satellites. European Telecom Services NEUTRAL

•• Barclays European Leadership Conference - Bouygues CEO & Cellnex CFO in London on 21 Mathieu Robilliard

May +44 (0)20 3134 3288

mathieu.robilliard@barclays.com

•• Telecom Italia - Completes savings share conversion and delisting BBI, Paris

•• Digi - Expands into UK with high-speed fibre focus Maurice Patrick

+44 (0)20 3134 3622

•• Satellite - SpaceX raises Starlink prices across key markets maurice.patrick@barclays.com

Barclays, UK

Ganesha Nagesha

+91 (0)22 6175 1712

Detailed stories

ganesha.nagesha@barclays.com

Barclays European Leadership Conference, 21 May 2026

Maxime DelaugerreWe are hosting meetings with the CEO of Bouygues and the CFO of Cellnex meetings at our

+44 (0)20 3555 5672

European Leadership Conference taking place on 21 May in London. Please see the link (here)

maxime.delaugerre@barclays.com

for our detailed agenda, including a range of sector & thematic panels and fireside chats with Barclays, UK

company management and industry experts, alongside 51 companies available for meetings.

Telecom Italia - Completes savings share conversion and delisting

TIM announced the completion of its optional and mandatory conversion of savings shares into

ordinary shares, with 93.5% of savings shares electing the optional route at €0.12 cash

adjustment per share, effective 20 May 2026. The remaining shares will convert mandatorily on

21 May 2026 with a €0.04 adjustment, while credits are finalized by 25 May. Following the full