Many investors see telecom companies locally as the most sturdy dividend stocks, that will never collapse. Well here is a glimpse of some dark events that would hit telcos:

1. During deep unemployment
2. Removal of subsidies (coming to Singtel, Starhub and M1)
3. Competition from cheaper sources (Viewquest and MyRepublic anyone?)

Gigaom have a good article here titled Has Europe Fallen Out of Love with the Mobile Phone? I am invested in Vodafone but not Telefonica but what I do know is that Telefonica’s earnings are really falling drastically. No matter how strong a utility, consumer still ranks them in the order they need to survive. ...