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Waystream: Switching to a higher gear - Redeye

Redeye has revisited our case after the announced Telia framework agreement. The agreement has the potential to make a real difference in growth rates and how long this higher growth rate is sustainable. The long-term structural growth case in Europe for FTTH/B is intact, and we see that Waystream has made significant steps for long-term growth in critical European markets after landing some important orders. We increase our Base Case to SEK 100 (45) per share on the back of substantially higher growth expectations.

Redeye has revisited our case after the announced Telia framework agreement. The agreement has the potential to make a real difference in growth rates and how long this higher growth rate is sustainable. The long-term structural growth case in Europe for FTTH/B is intact, and we see that Waystream has made significant steps for long-term growth in critical European markets after landing some important orders. We increase our Base Case to SEK 100 (45) per share on the back of substantially higher growth expectations.
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