Telecom stocks are part of yesterday's news as incumbents such as BT see their market share eroded, ...
Telecom stocks are part of yesterday's news as incumbents such as BT see their market share eroded, according to Andy Brough at Schroders. Brough, manager of Schroders UK Mid 250 and UK Smaller Companies unit trust, said growing overcapacity for telephone traffic would bring the cost of phone calls down. He added BT was recently talking about making cuts of 40% on the price of long distance calls. Brough said relative newcomer Energis could carry every call in the UK at present and noted mobile phone charges were four times higher in the UK than in Germany, leading to inevitable pricing p...
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