Asset-backed Securitization——a New Financing Channel for the Telecom Industry 被引量：3

Asset-backed Securitization——a New Financing Channel for the Telecom Industry

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摘要 Telecom enterprises are in urgent need of a large amount of funds forupdating networks and expanding market shares, while asset-backed Securitization is the most rapidlyand vigorously growing product of financial innovation in the international capital market. Sincetelecom asset is characterized by long recovery period, poor liquidity, high quality and stable cashflow, which are the basic conditions for using asset-backed Securitization to finance, asset-backedSecuritization can be a new financing way for telecom enterprises. Telecom enterprises are in urgent need of a large amount of funds forupdating networks and expanding market shares, while asset-backed Securitization is the most rapidlyand vigorously growing product of financial innovation in the international capital market. Sincetelecom asset is characterized by long recovery period, poor liquidity, high quality and stable cashflow, which are the basic conditions for using asset-backed Securitization to finance, asset-backedSecuritization can be a new financing way for telecom enterprises.

作者 WU Hong (School of Economics and Management, Beijing University of Posts and Telecommunications, Beijing 100876, P.R.China)

出处《The Journal of China Universities of Posts and Telecommunications》 EI CSCD 2003年第2期62-68,共7页 中国邮电高校学报（英文版）

关键词 asset-backed Securitization telecom industry FINANCING asset-backed Securitization telecom industry financing

分类号 F626 [经济管理—产业经济]

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共引文献2

1XU Liang,LIANG Xiong-jian,HUANG Xiu-qing.Study on the Cost Calculation of Local Fixed Telecom Network Based on Unbundled Network Elements[J].The Journal of China Universities of Posts and Telecommunications,2005,12(2):103-107. 被引量：3
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