Shaping up?
The turnaround of KPN has been the key to turning around sentiment towards the European telecoms sector as a whole. But although the sector is in better shape, further downgrades are looming, with Deutsche Telekom and France Télécom in the firing line. The spectre of sub-investment-grade ratings, however, appears to have been banished from the sector once and for all. David Watts reports.
Throughout January, Europe’s investment-grade telecom companies enjoyed a rare absence from the front pages of the financial papers. Any news that did emerge was hardly the kind to cause panic in the
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