英国电信BT之21世纪网络计划培训资料.pptVIP

Capex to Sales: The spend this year of about 2.45bn is 13% of revenue. BT has a strong enough balance sheet that it does not need to cut capex to the bone to generate cash flow. BT has resolved it’s debt problems whilst others still need to do so. KPN can manage by spending 8% of revenue but note that in 2000/2001 when BT spend approx 20% of revenue, KPN’s spend was about 40% of revenue - therefore they can coast for a couple of years. But this level is not sustainable. Intelligent applications – today Today’s intelligence is built into each PSTN switch - limited central intelligence