Telecomenterprisesareinurgentneedofalargeamountoffundsforupdatingnetworksandexpandingmarketshares,whileasset-backedsecuritizationisthemostrapidlyandvigorouslygrowingproductoffinancialinnovationintheinternationalcapitalmarket.Sincetelecomassetischaracterizedbylongrecoveryperiod,poorliquidity,highqualityandstablecashflow,whicharethebasicconditionsforusingasset-backedsecuritizationtofinance,asset-backedsecuritizationcanbeanewfinancingwayfortelecomenterprises.
