Hold the phone, how are the telcos?
The telecommunications sector endured a horrible year in 2016 with slumping share prices reflecting the uncertainty of the viability of various business models ahead of the completion of the NBN rollout. Downgrades, writedowns and capital raisings are just some of the events shareholders themselves have had to endure.
Kenny
:
I believe it’s Merrill* Lynch unless you’re referring to a different broker