{"id":9579,"date":"2018-08-28T10:19:01","date_gmt":"2018-08-28T10:19:01","guid":{"rendered":"http:\/\/localhost:8080\/?p=9579"},"modified":"2018-08-28T10:19:01","modified_gmt":"2018-08-28T10:19:01","slug":"les-telecoms-champions-de-l-endettement","status":"publish","type":"post","link":"https:\/\/dev.cfecgc-orange.app\/index.php\/2018\/08\/28\/les-telecoms-champions-de-l-endettement\/","title":{"rendered":"Les t\u00e9l\u00e9coms, \u00ab champions \u00bb de l\u2019endettement"},"content":{"rendered":"

\"dette<\/p>\n

Photo : Tumisu via Pixabay<\/a><\/p>\n

Selon une \u00e9tude r\u00e9cente de Moody’s<\/a> portant sur les entreprises, hors soci\u00e9t\u00e9s financi\u00e8res, de la zone EMEA class\u00e9es dans la cat\u00e9gorie \u00ab speculative grade \u00bb (risque \u00e9lev\u00e9 et co\u00fbt de la dette important), le secteur des t\u00e9l\u00e9coms d\u00e9passe d\u00e9sormais celui de l’\u00e9nergie en mati\u00e8re d\u2019endettement. Les entreprises du secteur totalisent ainsi une dette de 183 milliards de dollars, soit 16% du total des entreprises concern\u00e9es par l’\u00e9tude (contre 11 % en 2017).<\/p>\n

Rien de surprenant toutefois, puisque \u00ab les op\u00e9rateurs t\u00e9l\u00e9coms investissent massivement mais les revenus se mat\u00e9rialisent bien plus tard. La dette est inh\u00e9rente \u00e0 ce type d’activit\u00e9 \u00bb, souligne l\u2019analyste.<\/p>\n

\n

Les t\u00e9l\u00e9coms sont certes une industrie tr\u00e8s endett\u00e9e, mais qui a la capacit\u00e9 de g\u00e9n\u00e9rer du cash flow. Cela fait des ann\u00e9es que ce secteur est endett\u00e9, et malgr\u00e9 cela, nous n’avons jamais vu un op\u00e9rateur ou un \u00e9quipementier faire d\u00e9faut pour cette raison.<\/p>\n<\/blockquote>\n

Plus d’informations dans Les Echos<\/a> – Rapha\u00ebl Balinieri – 02\/08\/2018 <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Photo : Tumisu via Pixabay Selon une \u00e9tude r\u00e9cente de Moody’s portant sur les entreprises, hors soci\u00e9t\u00e9s financi\u00e8res, de la zone EMEA class\u00e9es dans la cat\u00e9gorie \u00ab speculative grade \u00bb […]<\/p>\n","protected":false},"author":1,"featured_media":9578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[128],"tags":[],"class_list":["post-9579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actu-telecoms"],"blog_post_layout_featured_media_urls":{"thumbnail":["https:\/\/dev.cfecgc-orange.app\/wp-content\/uploads\/2018\/08\/dette_092018-150x150.png",150,150,true],"full":["https:\/\/dev.cfecgc-orange.app\/wp-content\/uploads\/2018\/08\/dette_092018.png",640,479,false]},"categories_names":{"128":{"name":"T\u00e9l\u00e9coms","link":"https:\/\/dev.cfecgc-orange.app\/index.php\/category\/revue-de-web\/actu-telecoms\/"}},"tags_names":[],"comments_number":"0","wpmagazine_modules_featured_media_urls":{"thumbnail":["https:\/\/dev.cfecgc-orange.app\/wp-content\/uploads\/2018\/08\/dette_092018-150x150.png",150,150,true],"cvmm-medium":["https:\/\/dev.cfecgc-orange.app\/wp-content\/uploads\/2018\/08\/dette_092018.png",300,225,false],"cvmm-medium-plus":["https:\/\/dev.cfecgc-orange.app\/wp-content\/uploads\/2018\/08\/dette_092018.png",277,207,false],"cvmm-portrait":["https:\/\/dev.cfecgc-orange.app\/wp-content\/uploads\/2018\/08\/dette_092018.png",400,299,false],"cvmm-medium-square":["https:\/\/dev.cfecgc-orange.app\/wp-content\/uploads\/2018\/08\/dette_092018.png",600,449,false],"cvmm-large":["https:\/\/dev.cfecgc-orange.app\/wp-content\/uploads\/2018\/08\/dette_092018.png",640,479,false],"cvmm-small":["https:\/\/dev.cfecgc-orange.app\/wp-content\/uploads\/2018\/08\/dette_092018.png",127,95,false],"full":["https:\/\/dev.cfecgc-orange.app\/wp-content\/uploads\/2018\/08\/dette_092018.png",640,479,false]},"_links":{"self":[{"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/posts\/9579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/comments?post=9579"}],"version-history":[{"count":0,"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/posts\/9579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/media\/9578"}],"wp:attachment":[{"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/media?parent=9579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/categories?post=9579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/tags?post=9579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}