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Picking the turn is never easy – and investors have seen their share of false calls recently. But there are growing signs that Europe’s telecoms equipment sector is over the worst. Ever since AT&T’s announcement of a three-year boost to its planned capital spending on wireless and wireline networks in November, the outlook has been improving. That move – worth an incremental $10-billion (U.S.) at the time, although curbed a little since – spurred copycat action by T-Mobile. Further east, China Mobile has guided to a 50 per cent increase in its 2013 capex, even if its domestic peers look less open-handed. The European equipment sector is up 45 per cent from July lows, and has even outpaced broad regional market markers this year.Report Typo/Error