Telecom companies have been strategically important to keep economies and societies going during the pandemic and the ensuing lockdowns. Inevitably, the remote working proposition, in addition to the introduction of home schooling and the increased demand in entertainment streaming services, have resulted in a substantial increase in data usage on fixed networks during 2020.
Moreover, although we maintain our Hold recommendation on GO plc (“GO” or the “Group”), we increased our 1-year price target to €3.83, from our previous target of €3.21, primarily due to an expected improvement in performance from the Group’s subsidiaries Click here to access the report.