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Telcos are the new banks, as telecom service providers in Europe and the US continue venturing into the financial sector. Though mature telco banking endeavors are rare, some operators have identified banking as an opportune avenue for diversification, with differing methods and modes of approach, says GlobalData, a leading data and analytics company. According to […]
Share buyback freeze in markets rising due to COVID-19 impact
Companies are announcing a pause in share buyback plans to prevent a financial catastrophe due to dwindling cash reserves as a result of COVID-19, says GlobalData, a leading data and analytics company. As tracked by GlobalData’s news database, companies across diverse industries and geographies have already started announcing stoppage of share buybacks. Financial services, technology […]