GO internet (GO)

Business description

GO internet provides internet and telephone services using 4G wireless technology. The service is currently offered in the Emilia-Romagna and Marche regions of Italy, where GO has an exclusive right of use for 42MHz in the 3.5GHz frequency band (4G).

Stock data

Market cap.€14m
Last close€1.32
High / Low (52 weeks)€1.8 / €1.3
Stock market listingMI
Forecast net debt (€m)0
Forecast gearing ratio (%)0

Price performance

Relative *(7.5)(15.8)(34)

* % Relative to local index

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Company news

Investment summary

With funding in place, in H117 management has been able to reaccelerate the roll-out of its 4G LTE high-speed wireless broadband network. After a slower rate of deployment during 2016 (necessitated by capital constraints), the first-half results are a reflection of the catch-up of the deployment of GO’s network of base stations. H117 revenues increased by 14% y-o-y to €3.50m, driven by the 16% increase in subscribers over the past 12 months to 40,494. EBITDA increased by 5% to €1.55m, a slightly slower pace than revenues, owing to the step-up in marketing spend associated with the promotion of GO’s new fibre service in Perugia in partnership with Enel Open Fibre (EOF).

Last updated on 02/03/2018

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 5.3 2.0 0.3 3.82 34.4 5.1
2016A 6.4 2.5 0.5 3.66 35.9 2.4
2017E 7.7 3.2 0.5 3.21 41.0 3.2
2018E 9.6 4.5 1.3 8.23 16.0 2.7

Last updated on 20/02/2018

Latest research

Back on track

Update | Technology | 04/04/2017

Rights issue for accelerated network roll-out

Outlook | Technology | 10/10/2016

Treading water

Update | Technology | 24/03/2016

GOing for more growth

Outlook | Technology | 17/12/2015

LTE network a GO-GO!

Update | Technology | 25/09/2015

3.5GHz buzz

Update | Technology | 12/03/2015

Italian 4G wireless broadband provider

Initiation | Technology | 13/10/2014

Latest video

Executive Interview - GO internet

Industry outlook

The Italian broadband market is relatively under-penetrated and with no cable alternative to incumbent TI, opportunities exist for niche providers. GO internet, with its low-cost wireless service, is targeting the one million 'mobile-only' homes in the Emilia-Romagna and Marche regions of Italy that are increasingly opting to relinquish their expensive fixed-line services.

Last updated on 02/03/2018

Key management

Giuseppe Colaiacovo, Chairman
Alessandro Frizzoni , CEO
Alessandro Ronchi, FD
Flavio Ubaldi, COO

Company address

Via degli Artigiani 27
Piazza Bernini
Gubbio (PG)
+39 348 643 1609
View website