If you're interested in what a large telecom carrier looks like as an income trust, check out my investment feature on Bell Aliant in today's Financial Post. It's an entity with more than 10,000 employees, 3.5 million customers and an enterprise value of $10-billion. Bell Aliant could be a sign of things to come in the slow-growing carrier market in North America.
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The Future of Telecom Carriers
by
Mark Evans
on Tue 08 Aug 2006 07:58 AM EDT | Permanent Link
Comments
Re: The Future of Telecom Carriers
I'm still waiting for a credible explanation of how a leading-edge tech business can be credibly managed as an income trust. The leading edge doesn't / shouldn't pay dividends. They should take risks - and they'll need to do that to compete to the point where they are able to replace the income from the phone subscribers that they are certainly going to lose. I don't get how an income trust is the right structure for that mission.
Which, I suppose, everyone who bought Yellow Pages as a trust is going to figure out, any day now. |
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