Report
EUR 695.30 For Business Accounts Only

Telecommunications - Latin America: Cash Generation Grows as Capital Spending Eases, Despite Risk of Underinvestment

CORPORATES OUTLOOK 10 April 2017 TABLE OF CONTENTS Decline in Capital Spending Boosts Cash Generation for Latin America Operators 2 Stable Prices Protect Profitability With Room Left to Expand Customer Bases 3 Imminent Capital Spending Needs Ease, but Companies Risk Underinvesting 4 Operating and Competitive Risks Depend in Part on Regulation and M&A 5 Appendix: Key Financial Metrics for
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Moody's Investors Service
Moody's Investors Service

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