Contra Guys: Can a telecom company steer investors through economic uncertainties?

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 92%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Telefonica SA is a Madrid-based company that has been profitable every year for the past decade with revenues over $56.9-billion last year

One constant in the financial media right now is advice on how to invest given the current rate of raging inflation – unlike anything seen in decades – so that one does not fall too far behind financially. Many pundits make it sound easy when in fact that is simply not true. We see this chase of returns relative to inflation as somewhat of a red herring, as it is not so much the investing landscape that should be the top focus, but rather continuing to be prudent in one’s choices of investments.

Revenues in the most recent quarter jumped about 10 per cent year over year to €10.34-billion although profit fell from €706-million to €3.25-million. Competition is a major factor for this decline. is the largest tower company in Britain, with about 4,200 tower sites. As many of these income streams are tied to inflation, they have become more valuable in recent times. A transaction could help boost the book value of Telefonica from the current level of US$4.50.no sector is secure if there is a major recession, telecommunications are a necessity for a well-functioning economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold prices falling below $1,930 following increase in U.S. flash PMI(Kitco News) - The gold market continues to see some technical selling pressure as better-than-expected data economic data is prompting some investors to take profits at fresh nine-month highs.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Aaron Wudrick: Want cheaper cellphone bills? Allow more foreign investment in telecomsRemove the protectionist straitjacket from Canada\u0027s telecom market and bring global competition to bear No brainer. Same for airlines When Ted Rogers went to the board of Rogers and asked for the money to create Rogers Wireless he was rejected so using the foreign ownership rules and some heavy debt he started RW in partnership with AT&T and British Telecom. Lower the rules so others can do the same. And dump the Liberals
Source: nationalpost - 🏆 10. / 80 Read more »