Investors have poured money back into unloved European telecoms stocks on expectations that costly investments have peaked and that a resurgence in mergers and acquisitions could lead to fatter. | May 26, 2023
Investors have poured money back into unloved European telecoms stocks on expectations that costly investments have peaked and that a resurgence in mergers and acquisitions could lead to fatter returns.
"The capex cycle is mostly behind us, leading to an improved free cash flow generation, inflation is leading to price increases and (there's) an apparent more favourable stance from regulators on consolidation," he added. So far in 2023, telecom sector funds have seen $1.8 billion worth of net inflows, recovering more than 80% of last year's outflows, data from fund tracker EPFR showed.
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