European Telecom sector – protracted investment cycle, or just a value trap?

Do telcos have pricing power; is the sector at the cusp of an upswing as it comes out of a protracted investment cycle, or just a value trap? For those despairing at the billions already being chucked at 5G licences (€6.5bn last week in Italy) before they’ve extracted much of a return from 4G, one […]