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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
COMMUNICATIONS
- KPN confirmed last night that the Dutch regulator has approved their EUR 200mn acquisition of the Youfone MVNO with the transaction expected to close in early April. Financial impact details to come with Q124 results.
- It’s a small transaction and Youfone’s ~500k customers already operate from the KPN fixed network so not a big spread mover though consolidation is strategically beneficial.
- While we like the KPN credit, short-dated spreads are tight to similar peers. Spreads look a bit more attractive at the long end with the KPN curve exhibiting less curvature than the curves of Telenor/Orange (though so do other €IG telco curves).
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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