Abstract:

With the further saturation of telecommunication market, the room left for the growth of telecom business has been shrinking tremendously, and both the effectiveness and value of telecom enterprises are trapped The revenue has got into a “bottleneck”, with a constant slowdown in growth speed Thus, revenue can no longer effectively drive benefit growth of enterprises, and at the same time, influenced by the factors such as market competition, service improvement and strategic transformation of enterprises, the increase in consumption of cost and resources seems to be inevitable As a result, all telecom enterprises are facing a significant issue on how to retain a strong financial competitiveness so that the enterprises will sustain the sustainable growth This paper will make a deep and comprehensive analysis of the financial competitiveness of three operators from eight aspects: business performance, financing efficiency, investment performance, asset management, dividend distribution, cash value-added, capital operation and value creation It has an important reference value for promoting the telecom enterprises in our country to achieve the organic unity between growth management and cost management, and also for improving financial competitiveness in order to support the enterprises’ strategic transformation

Key words: telecom operators, value creation, financial competitiveness, multi-dimensional perspective