The case for revisiting Virgin Media O2 and VodafoneZiggo’s beaten-down bonds
Bloomberg reports that Goldman Sachs traders are urging credit investors to reconsider some bonds after weaker earnings and mounting competition sent the telecom companies’ debt sliding.
TLDR
Goldman Sachs traders are urging credit investors to take another look at some beaten-down bonds from Virgin Media O2 and VodafoneZiggo, Bloomberg reports. The recommendation comes just months after weaker earnings and mounting competition drove the telecom companies’ debt lower.
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