Here’s a different viewpoint from the team at Standard & Poor’s regarding the credit quality of Europe’s top 15 telecoms companies. Credit quality is, of course, directly related to the company’s performance — and sadly, it’s no surprise that almost every operator S&P are examining is either having problems or about to have some.
If you’re at all interested in the financial dynamics of the mobile operators, this FAQ-style PDF will be worth a look. I’ve included it as a download below.
(Thanks to the S&P team and author Patrice Cochelin for this.)