Developments in Telecoms Capital Markets. 3 June 2002. Contents. What happened? What was the role of Government and regulator? What are investor attitudes to telecom stocks now? How should Government and regulators react?. 260. 240. 220. 200. 180. 160. 140. 120. 100. 80. 60. 40.
3 June 2002
European telco sector equity issuance
European telco sector equity linked issuance
Values are lower…
Valuations are lower…
New issuance is down…
Mobile exceeded expect-ations…
Most CEE Governments/regulators favoured infrastructure based competition model
The telco reinvented as a utility?