Telco Chatter

研报英文原文证据摘录

Telco Chatter

J P M O R G A N Europe Equity Research

28 July 2026

Jul 28: ORA Q2/datacenter JV, Openreach tariffs,

VOD ES/VTWR…

Orange – Q2: Results beat, guide raised, 400MW data centre project (note here) European Telecommunication

BT – Ofcom proposes to block new Openreach commercial offer Services

Zegona – Targets full exit from Vantage Towers contract by 2028 Akhil Dattani AC

Vivo – Solid mobile performance, profitability below expectations (note here) (44-20) 7134-4725

TIM SA – Mobile rev decelerates; EBITDA inline with cons (note here) akhil.dattani@jpmorgan.com

Amazon – Details proposed for 5.1k satellite LEO D2D constellation J.P. Morgan Securities plc

Satellites – The Exploration Company in talks to raise $300m Ajay Soni

Satellites – Skylo expands D2D satellite partnerships (44-20) 3493-8462

ajay.soni@jpmorgan.com

French Telcos – Arcep proposes aligning spectrum licence expiry to 2035 J.P. Morgan Securities plc

TI – Discounts convergent plans with TIM Energia by up to €10 per month Ankur Baheti, CFA

Movistar – Raises prices for convergent packages that include Netflix (91-86) 5796-8820

VMO2 – Netomnia agrees interim undertakings with CMA ankur.baheti@jpmchase.com

Hughes Network – Prepares Chapter 11 filing J.P. Morgan India Private Limited

Belgian Telcos – Wout Van Aert launches WVA Mobile on Telenet network

Specialist Sales contact details:

Scott Silver - Specialist Sales -

European TMT

(44-20) 7134-0412

scott.silver@jpmorgan.com

J.P. Morgan Securities plc is acting as

financial adviser and corporate broker to

Intertek Group plc (“Intertek”) in

connection with the recommended cash

offer to acquire the entire issued and to be

issued ordinary share capital of Intertek by

Isotope Bidco Limited (a newly formed

company to be indirectly owned by EQT X