If there were any doubt about the credit crunch hitting the high street, the grisly headlines of the past few weeks have firmly dispelled it. In such a turbulent financial environment, established stocks such as BT are traditionally regarded as a safe haven.
But investors with an eye for telecoms might do better to turn towards the mobile sector and its flagship player, Vodafone.
Likes its landline peer the group, which boasts 241 million global subscribers, offers the reassurance of ‘sticky’ customers: While its average revenue spend - currently around £24 a month in the UK - may slow if a finanical downturn does take hold, it would require nothing short of financial Armageddon for most of us to give up our mobile subscriptions.
But