Tuesday, 12 December 2017

Eye-watering debt financing and micro lending

By Mary Lennighan, Total Telecom
Friday 08 September 17

The telecoms industry is one of extremes, from multi-billion-dollar, debt-backed takeover deals to the transfer of tiny sums via emerging market mobile wallet services. But it's all relative.

Thanks to online banking, it's rare that I ever need to go into a high street bank these days, but this week I found myself patiently queuing at a counter clutching a cheque (don't see many of those anymore either). Said cheque was made out to me, but had a chunk of my surname missing, so I needed to speak to a real person to find out if I could pay it in. "Since it's for such a small amount, it will probably be fine," the cashier assured me. I winced a bit. I'm not yet sufficiently wealthy to consider &pound…

Thanks to online banking, it's rare that I ever need to go into a high street bank these days, but this week I found myself patiently queuing at a counter clutching a cheque (don't see many of those anymore either). Said cheque was made out to me, but had a chunk of my surname missing, so I needed to speak to a real person to find out if I could pay it in. "Since it's for such a small amount, it will probably be fine," the cashier assured me. I winced a bit. I'm not yet sufficiently wealthy to consider &pound…

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