Big Telecommunications Companies Brought Themselves to the Edge of the Abyss

Dimitris N. Chorafas

Chapter 6 in Rating Management’s Effectiveness, 2004, pp 127-149 from Palgrave Macmillan

Abstract: Abstract British Telecom’s (BT’s) Sir Peter Bonfield, Deutsche Telekom’s Ron Sommer and France Télécom’s Michel Bon have all lost their jobs because of mismanagement, including their inability to decide about what are and are not a telephone company’s (telco’s) core assets and primary business. Another major decision issue on which all three CEOs, and their companies, have failed is how they should go after their chosen telecommunications services and market, rather than spreading themselves and their entities too thinly in too many fields — at home and abroad.

Keywords: Corporate Governance; Cash Flow; Hedge Fund; Telecommunication Company; Convertible Bond (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-00590-7_6

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DOI: 10.1057/9780230005907_6

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