Telecom Writeoffs A Healthy Sign
from the painful,-but-healthy dept
The Economist has an article looking at some of the huge writeoffs telecom companies are taking for bad investments they made in various projects and other companies. While they look bad on the balance sheet, they may be exactly what the telecom companies need. It shows that the firms are acknowledging the reality of the market, and are acting to work within that framework, rather than believing in bubble economics. It seems that many telecom investors may be realizing this as well.
