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As companies go bankrupt, buyout firms lick their chops
16/10/2001. Source:Red Herring. Om Malik
 The TMT sector is in turmoil. However, according to this article from Red Herring, there are still many investment opportunities to be had by investing in distressed telecoms companies.
Since their peak in 1999 the stock prices of telecom service providers have fallen. The problem for telecoms in Europe has been that telecom operators raised billions in debt to buy provide high-speed data services on their wireless networks. Buy-out experts now see this as the perfect opportunity to buy bankrupt companies and sell off the most promising divisions or buy many struggling companies and merge them. These buy-out companies are confident that that the sector will improve.
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