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Categories: Financials · Telecom Equipment · Wireless
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One needs to draw a clear line between speculative capex like Wimax and capex needed to maintain and grow existing cash flows.
If money is harder to get, fewer projects get done. It should be noted that big telecom debt has performed well in the last few weeks, so if anyone can still get money, it is Telco.
Also, companies with lightly leveraged or non-leveraged assets can take advantage of their low relative risk and get money at much more attractive rates than competitors.