Credit Crunch Update (Part 7): If Telcos Don’t, Cisco Will

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This is the seventh article in our series on the Credit Crunch and its effect on the TMT sector (previous here).

In 2008, venture capital investment flows in the US in Q4 fell by a quarter, private equity deal flow in Europe was down 59%, and hedge funds globally lost $582bn. Arguably, there are better times to seek funding for an innovative new idea. However, innovation is high on the agenda of government fiscal stimulus packages, which will be key determinants of economic growth, and entirely new industries are taking shape.

If telcos want to exploit a new ecosystem, they will need to actively invest in its creation - a concept which some cash-rich rivals are already demonstrating they understand…

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