Pyramid's financial analysis, which involved building revenue, capital expenditure and operating expenditure models for Movicom-BellSouth Argentina's 3G business, found that the expected value of discounted cash flows for Movicom-BellSouth's 3G business amounts to $207m.
Although there is some downside risk associated with this valuation, there is also considerable upside potential. Pyramid Research highlights some of the strategies that Movicom-BellSouth Argentina could pursue to improve on the base case financial analysis established in this White Paper.
In this report, Pyramid Research addresses one of the leading concerns of mobile operators today: What is the value of 3G spectrum in Latin America? They seek to answer this question by undertaking a valuation of a hypothetical 3G licence winner: Movicom-BellSouth of Argentina. 