Two years of difficult trading conditions has resulted in every major telecommunications supplier co...
Two years of difficult trading conditions has resulted in every major telecommunications supplier company reducing capital expenditure, according to SchroderSalomonSmithBarney (SSSB). Robert Mocatta, analyst at SSSB, said that projected capex cuts are above 10% for most large telcos but the companies have not changed their revenue or operating cashflow forecasts to match. The result, he said, is that the projected apparent cash generation each company is expecting has increased. Mocatta said: 'We are concerned that either revenue or margin expectations may be too high as a result. Our f...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes