Belgacom - IPO Professor André Farber Solvay Business School

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Presentation transcript:

Belgacom - IPO Professor André Farber Solvay Business School Université Libre de Bruxelles

1. Why did Belgacom go public?

2. What returns can stockholders of European telecom companies expect on their shares? Why are do they differ from one company to another? Belgacom

Belgacom

Belgacom

Belgacom

Belgacom

Belgacom

3. What return would new stockholders of Belgacom require?

5. Suppose Belgacom borrows € 1 billion 5. Suppose Belgacom borrows € 1 billion. Would it change the stock price? Belgacom

Belgacom

Belgacom