Headline: Telefónica convinces the doubters Source: Euromoney Date: October 2000 more on Telecoms more on Bonds more on Corporate Bonds
Issuer: Telefónica High bids for UMTS licences in the UK and Germany, along with the frenetic pace of M&A activity and expansion in the industry, have left the world’s biggest telecoms companies with a ravenous appetite for debt. The pipeline of telecom issuance in the fourth quarter, which totals some $40 billion, is dominated by big former monopolies such as British Telecom, which is looking for some $10 billion, and France Télécom, which is in the market for Eu5 billion-worth of debt. Big |