Charles Carter

Charles Carter, a European Portfolio Manager at Marathon Asset Management, dives into the tumultuous history of the European telecom sector. He discusses the pitfalls of inflated valuations and the struggle of companies like Vodafone amidst regulatory challenges. The comparison with the more consolidated US market highlights the difficulties faced by European firms. Carter shares insights from Marathon's investment experience with KPN, emphasizing how market dynamics and regulation hinder profitability, raising questions about the sector's future viability.