Jazztel - upstart Spanish connection - is considering an IPO on the NASDAQ (and not Madrid Bolsa) to finance its ambitious investment program is estimated at $ 750 million over the next 10 years. The alternative would be another round of high-yield debt. Following the liberalization of the Spanish telecommunications market on 1 December 1998, Jazztel is the first provider of alternative dispute Telefonica (recently privatized state telecoms), offering a full range of high quality individual, integrated voice, data and Internet services at competitive prices. As unprofitable company just three kilometers own network operational and voracious need for capital to go forward, the management team at Jazztel wonders how investors will value a company. "Hide
by Mark L. Bertoneche, Jacques Laurent, Agnes Sauvage, Jennifer Woolman, Ken Hines Source: Harvard Business School 21 pages. Publication Date: April 23, 2004. Prod. #: 204047-PDF-ENG
