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

2. 1. Why did Belgacom go public?

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

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