Sharp declines in the price of telecom shares have seen them move into "deep value territory," Michael Kovacocy from Daiwa Institute of Research Europe told CNBC. Kovacocy particularly likes Telefonica. Debt-laden Telecom Italia, Europe's fifth-biggest telecoms provider, will shed assets worth nearly $4 billion and cut another 5 percent of its workforce in a bid to slash borrowings and costs amid a weak economy. Permalink
Grab 'Resilient' Telecom Stocks as Slowdown Bites Posted By: CNBC.comTelecom companies such as KPN and Telefonica ar
Sharp declines in the price of telecom shares have seen them move into "deep value territory," Michael Kovacocy from Daiwa Institute of Research Europe told CNBC. Kovacocy particularly likes Telefonica. 
Debt-laden Telecom Italia, Europe's fifth-biggest telecoms provider, will shed assets worth nearly $4 billion and cut another 5 percent of its workforce in a bid to slash borrowings and costs amid a weak economy. 
