While the currency fluctuations will definitely impact the future markets, the vote the leave may have limited effects on the telecommunications sector in the European region. This is because the sector is fundamentally defensive given to its limited sensitivity towards economic and political changes, especially in the mobile fixed line segment, where the market is witnessing an improving pricing power.
The results compiled by Mergent above have further proven that telecommunication companies are unlikely to be significantly affected by the outcome of the referendum. Take BT Group for example; the decision has very little effect on as the company has many defensive qualities, and on top of that, owning and managing telecommunications infrastructure in the whole of UK makes it an extremely stable company. Thus it is not likely the company will see its revenues evaporate overnight. If the worst should happen and the country fall into a deeper economic crisis, BT should come out unscratched and remain on the top of the chart.
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(Currency exchange rates as of June 24, 2016)