Capex is king: A new playbook for telecoms execs
Not so long ago, senior leadership teams at telecommunication operators (telecoms) knew what was expected of them and how to get it: strong growth in revenue and EBITDA delivered premium EBITDA multiples and superior investor returns. But times are changing. The old formula that brought years of success is not working anymore and their frustration grows as they watch while other operators somehow manage to find what eludes them. This ‘multiples envy’ forces them to ask: What are we doing wrong? What do they know that we don’t? And who is missing the key – is it us or the analysts?
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