Change in Equity Valuation of Telecommunications Companies in the Process of Digitalization

Student: Tselkovskaya Anastasia

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Year of Graduation: 2017

This paper examines the impact of the global digitalization process on the relative valuation of equity of telecommunications companies in developed and developing countries, as well as the possible convergence of the values of these relative valuation indicators (multiples) in the telecommunications and Internet industries. In this paper, I use the following methods of econometric estimation: OLS method, the Panel data models with fixed and random effects, and the Autoregressive moving-average model. Key words: Telecommunications companies, Internet, Digitalization, Equity Valuation Multiples

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