In public markets, the FOCUS Telecom Business Services Index (TBSI) delivered a strong three month return of 6.6% in our summer reporting period. This was well above the 2.9% return of the S&P 500 over the corresponding time period and edged out the 6.3% gain in the NASDAQ. For the full year, the TBSI was up 15.0%. This once again compared favorably to the 12.2% annual gain of the S&P 500 but lagged the 22.3% return in the NASDAQ by a wide margin. Sector multiples remained relatively steady compared to a year ago. The sector revenue multiple dipped slightly from 0.5x to 0.4x, while the sector EBITDA multiple ticked up slightly from 9.3x a year ago to 9.5x currently.
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Kahla Cooper is the Director of Marketing at FOCUS. In this role, Ms. Cooper designs and implements the overall marketing strategy. Ms. Cooper works with each industry team leader to define programs in order to promote and brand FOCUS’ suite of capabilities.
