CHAPTER 1 OVERVIEW OF FINANCIAL REPORTING‚ FINANCIAL STATEMENT ANALYSIS‚ AND VALUATION Solutions to Questions‚ Exercises‚ and Problems‚ and Teaching Notes to Cases 1. Value Chain Analysis Applied to the Timber and Timber Products Industry. Exhibit 1.A below contains a depiction of the value chain. The links in the value chain are as follows: 1. Timber Tracts: Plant and maintain timber tracts (Weyerhaeuser) 2. Logging: Harvests timber (Weyerhaeuser) a. Sawmills:
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company’s EPS to show massive upside in CY13 by +265% YoY resulting in better cash flows and dividend payout‚ 2) Broadband segment expansion still going on‚ 3) Property issue expected to resolve and 5) finally UFONE to add value in longer run post 3G license announcement. We expect 1) topline average growth of 9% (2013-2015)‚ 2) gross margins to average at 37% (2013-2015)‚ 3) average market share of ICH to remain 50% (2013-2015) and 4) incoming international traffic to average at 650mn min/month
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Telecommunications 3G Auctions Done; Upgrade Industry to In-Line What’s Changed Industry View: India Telecommunications Cautious to In-Line We upgrade our view on the India telecom industry to In-Line for three reasons: 1) The 3G auction is behind us; 2) tariff wars seem to have subsided; and 3) the F4Q10 results surprised us as they show revenue growth driven by higher minutes of usage (MOU). The 3G auction concluded at the end of day 34 of the bidding and 183 rounds. The overall license fee stands
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000 76.75 45.50 5.9 4.0 .0% -30.6% -.% -54.% .04 755‚0 2008 6.5% .50% .5% 40.00% 5.00 No. of Outstanding Shares (millions) Market Capitalization (SAR millions) Enterprise Value (SAR millions) Tadawul Code TASI PER PBVR Div Yield Valuation Indicators 700 9096. 0.0 3. .% Bloomberg Code Telecom Sector PER PBVR Dividend Yield EEC AB 397.8 3.6 3.3 5.5% 33‚70 5‚500 500 % to Total Market Capitalization % to Telecom Sector 3.6% .5% PEG PEG (5 year Ex-Rights Est.) PER 008 PER
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PROJECT REPORT ON “SECTOR ANALYSIS – TELECOM INDUSTRY & A CASE STUDY OF: IDEA CELLULAR LTD.” SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF DEGREE OF POST GRADUATE DIPLOMA IN BUSINESS MANAGEMENT (PGDBM) SUBMITTED BY PRAJAKTA M. DIWAN PGDBM - FINANCE BATCH: 2007-09 UNDER THE GUIDANCE OF PROF. V. S. DATE [pic] N.L.DALMIA INSTITUTE OF MANAGEMENT STUDIES & RESEARCH
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to be the largest in Europe with a valuation of $29.2 Billion dollars. Previous to 2012‚ the mobile communications market was control by three companies (France Telecom’s Orange‚ the Vivendi-owned SFR‚ and Bouygues Telecom). In a push by the French government to bring prices down‚ created a new legislation to let telecommunication companies to place new bids to award new licenses for the 3G and 4G. Iliad group decided to place a bid to win the licenses for the 3g and 4g business and won it. However
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EXAMPLE OF NTT DOCOMO’S JV WITH TATA TELESERVICES LIMITED NTT DOCOMO‚ Inc. is the world’s leading mobile communications company. DOCOMO serves over 53 million customers‚ including 46 million people subscribing to FOMA‚ launched as the world’s first 3G mobile service based on W-CDMA in 2001. DOCOMO also offers a wide variety of leading-edge mobile multimedia services‚ including i-mode‚ the world’s most popular mobile e-mail/Internet service‚ used by 48 million people. With the addition of credit-card
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telecom industry 38 Recommendations or Policy Suggestions 49 References 52 2 Introduction: Evolution Of Communication Technology. The Indian telecom has evolved from the bygone days of “telephone on demand” to the advent of the 3G services. The evolution began with the laying down of telegraph electric line in Kolkata. In 1881 the teleservices were introduced in Kolkata‚ Mumbai‚ Chennai‚ Karachi and Ahmedabad. After independence‚ all foreign companies were nationalized to constitute
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Bharti Airtel B H A R T I I N TE L E C O M S | I N D I A From Neutral NOMURA SINGAPORE LIMITED Sachin Gupta‚ CFA +65 6433 6968 Neeraja Natarajan (Associate) sachin.gupta@nomura.com BUY A N C H O R R E P O R T Rumble in the jungle We have reviewed Bharti’s operations in the 15 African countries in which it operates. Apart from learning that Madagascar makes half of the world’s vanilla beans and 4/5 of African gorillas live in Gabon‚ we observe that Bharti is well positioned
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........................................................ 17 3.1 3.2 3.3 3.4 3.5 NTT DOCOMO TAKES STAKE IN TATA TELESERVICES ................................................................................................... 17 NEW GSM LICENSE HOLDERS ................................................................................................................................. 17 TELECOM INFRASTRUCTURE (TOWER) CONSOLIDATION............................................................
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