The difference in valuation between the most highly valued areas of the UK stock market, such as tel...
The difference in valuation between the most highly valued areas of the UK stock market, such as telecoms and technology, and 'old economy' sectors, such as industrials, consumer goods and utilities, is vast, and almost certainly assumes too much growth from telecoms and tech. As the largest single sector in the UK stock market at 14.6%, it is worth looking at the of the telecoms sector's prospects. While it is true that demand for telecommunications capacity is increasing strongly, the supply of new capacity has grown even more quickly, with, for example, 20 pan-European fibre interlink...
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