Report
Nigel Hawkins

Hardman & Co Insight: A tale of three telcos - Decline and fall

For investors, the UK telecoms sector has presented immense challenges. Having boomed in the 1990s, mainly on the back of mobile telephony growth rates, telecom shares subsequently fell back sharply, as major debt concerns predominated. With Cable & Wireless (C & W) having exited, the UK sector now consists of little more than British Telecom (BT), privatised in 1984, and Vodafone, which was founded in the early 1980s.

In 2000, the sector was riding high, with not just BT and Vodafone at its forefront, but also C & W – the child of empire – which was effectively dissolved almost a decade later. Record valuations at the turn of the century were achieved not least by Vodafone, which had been powered by phenomenal growth throughout the 1990s.
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Hardman & Co
Hardman & Co

We are a rapidly growing, innovative corporate research & consultancy business, based in London, serving the needs of both public and private companies.

Our expert team of sector analysts and market professionals collectively have over 400 years of experience.  This depth of knowledge and a reputation for integrity have built trust with investors. With effective communication and precision distribution, we help companies disseminate their investment message to interested investors, as well as advise them on strategy.

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Analysts
Nigel Hawkins

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