Free cash flow (FCF) for European telecoms will remain constrained in 2022, according to credit rating agency Fitch’s European Telecoms Watch – 4Q22, with risks to short-term forecasts likely to be low. FCF will remain constrained as capex investments for fibre deployments, 5G mobile networks, spectrum payments and IT overhauls peak during the course of […]

According to credit rating agency Fitch Ratings, European telecoms operators continued heavy investment in rolling out fibre and 5G networks will keeping capex high and limit free cash flow (FCF) generation in the short term. The impact will be the greatest on incumbent operators’ FCF as they need to deploy both networks simultaneously and, in […]