High-Grade Telecoms

Credit awards 2002

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As a telecoms analyst what keeps you awake at night?

Nothing – life’s too short to have anything keep you awake.

Which trade recommendation over the past 12 months made or saved your clients most money?

We have had overweight recommendations on Telecom Italia and Olivetti for over one year. This has worked well as spreads on TI and Olivetti have outperformed over this period and their spread volatility has fallen markedly.

This reflects the change in management at Telecom Italia in mid-2001,

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