GLOBAL - The telecommunications sector will offer strong investment returns following a period of consolidation and restructuring, predict fund managers.
Newton Investment Management fund manager Daniel Hemmant was optimistic because of the growth in the mobile phones sector.
But he added that Newton was still avoiding telecoms companies that were struggling with debt.
Schroder Investment Management manager of ISF European Equity Piers Hillier agreed that high debt levels among telecom firms worldwide must be monitored.
He said: “Competition is being reduced, oversupply is being taken out of the market and the survivors have been left in a stronger position to benefit.”
Telecom firms he identified as good examples were Telecom Italia and the Dutch firm KPN.
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As a hectic 2018 draws to an end, Jonathan Stapleton wishes readers a quieter 2019.