High-Yield Telecoms

Credit awards 2002


What was one of the worst calls to make in your sector over the past year that you avoided?

We avoided the German cable euphoria because we were sceptical of the success of triple play in the German market. Our view of the German market stemmed from several key factors: the abundance of free-to-air channels, strong competition from Deutsche Telekom and the fragmented nature of the cable market. Moreover, we believe that German cable operators overpaid for cable assets acquired from De

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: