Sadly for the telecoms firms, bottom-fishing for distressed assets rarely worked, and investors vetoed empire-building deals involving mature assets that yielded few cost synergies.

 
  • 可悲的电信公司,对那些贬值的资产抄底很少奏效,而投资者否决涉及到成熟资产的扩张交易,它们几乎不产生协同成本。
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