More On The Improving Health Of EU Carriers
Standard and Poor have raised the debt rating on France Telecom (and its mobile subsidiary) Orange. FT did some restructuring and asset divesting to lower their total liabilities. The rating upgrade, aside from being a signal of confidence in FT's ability to handle the reduced debt load, will also make debt cheaper for the Carrier. Of course, the exception to the good news in the EU is the slow adoption of 3G, which Mike discussed earlier today. It seems carriers are using their 2G operations to claw their way out of the 3G debacle, but for operators like Hutchinson, there are no 2G operations to mitigate lagging 3G.
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