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Senior Analyst at Arete
Andrew Beale is a Senior Analyst at Arete Research, specializing in telecoms and cable sectors across the US and EU markets. He covers companies including CoreWeave, BT Group, and Fox Corporation (FOXA), with a TipRanks performance record showing a 0% success rate over 7 ratings and an average return of -49.40% per rating since 2021. Beale joined Arete in 2003 after nine years as an analyst at investment banks such as Deutsche Bank and UBS focusing on wireless and UK/EU telcos, preceded by a year in corporate finance at Bankers Trust and five years consulting at PA Consulting Group for telecoms and CATV operators.
Andrew Beale from Arete requested an update on the progress of the New Jersey data center site.
Andrey Korolenko, SVP of Infrastructure, reported that the first tranche for Microsoft was delivered on time, and remaining commitments are on schedule. He expressed confidence in partners securing components and the project's execution due to built-in safety margins.
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NBIS's earnings beat/miss a week before the call
Andrew Beale from Arete asked for an update on the progress and status of Nebius Group's New Jersey data center site.
Andrey Korolenko, SVP of Infrastructure, expressed satisfaction with the New Jersey site's progress, confirming the first tranche for Microsoft was delivered on time and remaining commitments are on schedule. He noted partners are securing components and working hard, with safety margins built into project plans.
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