Index
Absolute performance
Advertising and publishing
Alternative carriers
American Bell Telephone Company
American Telephone and Telegraph Company (AT&T). See AT&T
American Tower
Analog to digital transmission
Annual reports
Anti-trust actions
ARPU (average revenue per user)
Asset allocation
AT&T (American Telephone and Telegraph Company)
history of
interconnection compensation
iPhone deployment
market category
market size
product differentiation
revenue stream
spectrum
switching costs
wireless technology
Average revenue per minute
Average revenue per user (ARPU)
Baby Bells
Backbone
Barrier to entry
Barriers to entry
Bear market
Bear markets
Bell, Alexander Graham
Bell Laboratories
Bell System
Benchmark changes
Benchmark differences
Benchmarks
Beta
Bharti Airtel
Binary digits (bits)
Blackberries
Bottom-up investing
Brand equity
Brazil
BRIC countries
Brick phone
Bundling
Bush, George W.
Bush administration
Business and earnings drivers
Business segments
Business strategy
Cable
Capacity utilization
Capital intense sector
Capital intensity
about
capital market dependence
economies of scale
Capital structure
Carriers
alternative
Competitive Local Exchange Carriers (CLECs)
Incumbent Local Exchange Carriers (ILECs)
CDMA (Code Division Multiple Access)
Challenges and opportunities
about
advertising and publishing
wireline
China
as an emerging market
Internet rates in
mobile phone usage
telcos (telecommunication companies) in
China Mobile
Churn rates (attrition)
Cisco
CLECs (Competitive Local Exchange Carriers)
Coaxial cable
Code Division Multiple Access (CDMA)
Combinatory play
Comcast
Communications Act of 1934
Company description
Company-specific risk
Comparative advantages
Competition
Competition and barriers to entry
Competitive advantages
Competitive Local Exchange Carriers (CLECs)
Consolidation
Consumer demand
emerging markets (EMs)
smartphones
voice to data
wireline charge
wireline to wireless
summary
Contrarians
Corporate history
Country or industry level weighting
Data
Data discrimination
Data segments
Data services
Defensive sectors
bear markets
dividend yields
inelastic demand
volatility
Differentiation
Digital Subscriber Line (DSL)
Diversified services
Diversified telecommunication services
Dividend tax rare
Dividend yields
Drivers
DSL (Digital Subscriber Line)
Early years
Alexander Graham Bell
Communications Act of 1934
universal service policy
Economic drivers
about
economic growth
impact of
inflation
innovation
interest rates
Economic growth
Economies of scale
Einstein, Albert
Einstein’s brain and the stock market
Emerging markets (EMs)
disposable income
low penetration rates
mobile phone usage
Emerging Markets Index (EM)
Enhanced stock selection
Equipment segments
Ericsson
Exchange-traded funds
Facilities
Family plans
Federal Communications Commission (FCC)
Federal Reserve
Fiber-optic cables
Financial strength
Financial Times
Fisher, Ken
Five step analysis process
business and earnings drivers
fundamental and stock price performance
risk identification
strategic attributes
valuations and consensus expectations
Float-adjusted indexes
Frontier Communications
Fundamental and stock price performance
Geographic diversity
GICS Telecommunication sector
Global System for Mobile Communications (GSM)
Global telecommunication benchmarks
about
benchmark changes
benchmark differences
sector benchmarks
telecommunication weighting
Government ownership
Government policy
Gray, Elisha
Gross domestic product (GDP)
GSM (Global System for Mobile Communications)
Handsets
History of telecommunications
early years
recent years
summary
Home country bias
IBM
ILECs (Incumbent Local Exchange Carriers)
Iliad
Incumbent Local Exchange Carriers (ILECs)
India
Bharti Airtel
Internet rates in
mobile phone usage
penetration rates
population and disposable income
Industries
Industry breakdown
diversified telecommunication services
wireless telecommunication services
Industry overview
Inelastic demand
Inflation
Inmarsat
Innovation
Integrated services
Intercarrier compensation
Interconnection fees
Interest coverage ratio
Interest rates
Internet growth rates
Internet penetration rates
Investing science
iPhones
Jackson, Janet
Kingsbury Commission
Landline services
Large cap vs. small cap
LEC (local exchange carriers)
Licensing
Local exchange carriers (LEC)
Long distance services
Low penetration rates
Ma Bell. See also AT&T
Macro overview
Macroeconomic drivers
Macroeconomic indicators
Management
Managing against telecommunications benchmark
Margins
Market efficiency
Markets and customers
MCI Communications Corp. (MCI)
Mobile phone penetration rates
Mobile phone usage
Modification of Final Judgment (MFI)
MSCI All-Country World Index (ACWI)
MSCI EAFE Index (Europe, Australasia, Far East)
MSCI World Index
MSCI World Telecommunications Index
MSCI World Telecommunications sector
Natural monopoly
Net neutrality
News and press releases
Newton, Isaac
Next generation networks
Nokia
Non-stock specific risk
Obama administration
1G/2G/3G/4G technology
The Only Three Questions That Count (Fisher)
Pay phone
Penetration rates
Political drivers
effects of
political shifts
regulation implementation
regulatory changes
Political risk
Political shifts
Portfolio drivers
analysis of
defined
expected risk and return
use of
Portfolio drivers and country and sector selection
analysis of
economic drivers
political drivers
sentiment drivers
Prepaid phones
Prepaid services
Price cap regulation
Price/earning (P/E) ratio
Pricing
Product risk
Public policy shifts
Purchasing Manager’s Index (PMI)
Quadruple play
Quantitative factor screening
Quintuple play
Recent years
anti-trust actions
Telecommunications Act of 1943
Regional Bell Operating Companies (RBOCs). See Baby Bells
Regulation
Regulation, risk and reward
Regulation implementation
licensing
pricing
spectrum
taxes
Regulator goals
Regulatory changes
Reinvestments
Return variability
Risk aversion
Risk control
Risk identification
Roosevelt, Franklin D.
Rural service providers
Russell 2000 index
Russell 2000 Telecommunication Index
Russell 3000 Growth index
Russell 3000 Value index
Russell Growth index
Russell Value index
S&P 500
S&P 500 Telecommunications
Sales growth
Scalability
Sector benchmarks
Sector level value addition
country or industry level weighting
sector overweights and underweights
stock level selection weighting
summary
Sector overweights and underweights
Sector weighting
Sectors
Security (stock) selection
Security analysis
about
described
five step analysis process
selection
telecommunication analysis
Selection of securities
Sentiment drivers
as consensus thinking about investment categories
large cap vs. small cap
risk aversion
use of
value vs. growth
70-20-10 variability split
Slim, Carlos
Smartphones
Social networking
Spectrum
Stock level selection weighting
Stock selection
Stock-specific risk
Strategic attributes
Strict criteria
Sub-asset allocation
Sub-industries
Sub-industry weights
Subscription trends
Switching costs
Systemic risk
Taxes
Telcos (telecommunication companies)
in Brazil
in India
price cap regulation
relative valuation
strategic attributes
Telcos (telecommunication companies)
in China
in India
Telecom New Zealand
Telecommunication, defined
Telecommunication analysis
Telecommunication basics
about
capital intense sector
defensive sectors
public policy shifts
regulation
regulation, risk and reward
regulator goals
summary
Telecommunication companies (telcos). See telcos (telecommunication companies)
Telecommunication sector composition
GICS telecommunication sector
global industry classification standard (GICS)
global telecommunication benchmarks
industry breakdown
summary
Telecommunication sector drivers
about
economic drivers
political drivers
sentiment drivers
summary
Telecommunication weighting
Telecommunications Act of 1943
consolidation
ILECs and CLECs
Universal Service Fund (USF)
Telecommunications Act of 1996
Telecommunications investing strategies
about
sector level value addition
Telstra
Termination fees
Ticker tape
Tiered pricing plans
Time to market
Time Warner
Top down method
70-20-10 variability split
about
benchmarks
Einstein’s brain and the stock market
enhanced stock selection
investing science
macro overview
managing against telecommunications benchmark
risk control
scalability
for stock selection
top-down reconstructed
summary
Top-down reconstructed
portfolio drivers and country and sector selection
quantitative factor screening
stock selection
strict criteria
Top-down security selection
Total return
TracFone
Triple play
Turkcell
Universal Service Fund (USF)
Universal service policy
US Department of Justice
USF (Universal Service Fund)
Vail, Theodore
Valuations and consensus expectations
Value vs. growth
Verizon
consolidation
intercarrier compensation
market category
product differentiation
spectrum
switching costs
system buildout
wireless technology
Video
Voice segments
Voice to data
VoIP (Voice Over Internet Protocol)
VoIP services
Volatility
Wall Street Journal
Western Electric
Western Union
Wi-Fi hotspots
Wireless challenges
little differentiation
low switching costs
prepaid phones
Wireless challenges opportunities
data
family plans
handsets
innovation
next generation networks
pricing
spectrum
Wireless services companies
Wireless technologies
Wireless telecommunication services
Wireline challenges
cable
net neutrality
Voice Over Internet Protocol (VOIP)
Wireline charge
Wireline opportunities
bundling
consolidation
fiber optic cable
time to market
Wireline to wireless
Yellow and white page directories