Investing in Italian telecoms: Infrastructure over operators

The Italian telecoms market is currently a fascinating place, with a broadly positive regulatory environment and a history of innovation. 
However, when it comes to equity investment in the telecoms sector, Italy, like Europe as a whole, must do more to not only attract investors but to follow through on their project effectively, especially in the wake of the coronavirus pandemic.
Speaking at this year’s online Connected Italy event, panellists from Analysys Mason, HSBC, and the European Investment Bank (ESB) began by discussing the difference in investor feeling for telecoms operators versus pure infrastructure assets.

Luigi Minerva, Senior Telecoms Analyst, Director of Equity Research at HSBC, described telcos as &ldquo…

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