Balance Sheets are cleared and Cash Flow improving for European Telcos following period of cost cutting.

Following the financial problems experienced by most of Europes telcos due to the industry downturn in 2001, rash expenditure on acquisitions and ridiculous prices paid for 3G licences, there has been considerable activity in rationalising their businesses. Costs have been cut with the attendant huge loss of jobs, and the 'empire-building assets have been sold off at distressed prices.

(PRWEB) December 19, 2003 --Research and Markets announces the addition of the 2004 Telecoms in Europe report " Telco Company Profiles" to its offerings.

Following the financial problems experienced by most of Europes telcos due to the industry downturn in 2001, rash expenditure on acquisitions and ridiculous prices paid for 3G licences, there has been considerable activity in rationalising their businesses. Costs have been cut with the attendant huge loss of jobs, and the 'empire-building assets have been sold off at distressed prices.

This activity has resulted in mammoth book losses for some, but has cleared the balance sheets and, in most cases, focus has been restored on core businesses, and cash flow is improving.

This report covers 30 European telco companies, and each individual company reports describe the business of each company, plus a description of past and present corrective actions taken. In some cases, an analysis is given on the path that the company is taking.

For a complete index of this report click on http://www.researchandmarkets.com/reports/41696

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