Sign in

    Matt Griffiths

    Director and senior equity research analyst at Bank of America Merrill Lynch

    Matthew Griffiths is a Director and senior equity research analyst at Bank of America Merrill Lynch, specializing in Canadian telecommunications and media sectors. He covers major companies including Cogeco and Québecor, providing in-depth analysis and recommendations for institutional investors. Griffiths has been recognized for his insight and coverage, maintaining a strong track record of detailed sector research and client engagement since joining Bank of America Merrill Lynch after prior experience at Accenture in London. He is a registered investment professional in Canada, listed as an analyst on the investor relations pages of multiple large-cap telecom firms.

    Matt Griffiths's questions to TELUS (TU) leadership

    Matt Griffiths's questions to TELUS (TU) leadership • Q2 2025

    Question

    Matt Griffiths from Bank of America Merrill Lynch asked how capital deployment would work for new tower builds under the Terion partnership and sought clarification on partner-build activities for fiber expansion.

    Answer

    EVP & CFO Doug French confirmed Terion will build new towers funded by both TELUS and its partner, with the model remaining free cash flow positive for TELUS. President and CEO Darren Entwistle added that the $2B Eastern expansion investment will be a smart, value-accretive deployment, but declined to provide specific homes passed targets.

    Ask Fintool Equity Research AI

    Matt Griffiths's questions to TELUS (TU) leadership • Q2 2025

    Question

    Matt Griffiths asked about the capital deployment strategy for new tower builds under the Terion entity, sought clarification on partner-build activity for fiber, and inquired about the funding for the $2 billion Eastern Canada expansion.

    Answer

    EVP & CFO Doug French clarified that new towers will be funded by both TELUS and its partner, and while consolidated, will have a net cash benefit. He confirmed partner-build models are being used for fiber. President and CEO Darren Entwistle stated the $2B expansion funding source is to be determined and that the buildout will be strategic and value-accretive, leveraging their successful Western Canada playbook.

    Ask Fintool Equity Research AI

    Matt Griffiths's questions to ROGERS COMMUNICATIONS (RCI) leadership

    Matt Griffiths's questions to ROGERS COMMUNICATIONS (RCI) leadership • Q2 2025

    Question

    Matt Griffiths of Bank of America Merrill Lynch asked about the potential impact of more generous multi-line discounts on wireless ARPU and service revenue. He also inquired about the near-term timeline for realizing cost or revenue synergies from the MLSE transaction.

    Answer

    President & CEO Tony Staffieri explained that the multi-line strategy, while dilutive to ARPU, is designed to be incremental to service revenue by competitively targeting second, third, and fourth lines. Regarding MLSE, Staffieri stated it is too early to discuss specific synergy timelines, though he noted the company has a strong track record and the planning is underway.

    Ask Fintool Equity Research AI