A CONCEPTUAL MODEL FOR ENHANCING THE FINANCIAL STABILITY OF TELECOMMUNICATION ENTERPRISES

Abstract

Telecommunication enterprises are strategically important for digital inclusion, economic modernization, public service delivery, and technological competitiveness. At the same time, they operate under financially complex conditions: capital-intensive network deployment, rapid technological obsolescence, spectrum and licensing obligations, price competition, high depreciation charges, foreign-currency exposure, and increasing cybersecurity risks. These factors may weaken liquidity, profitability, debt-servicing capacity, and long-term investment sustainability. This study develops a conceptual model for enhancing the financial stability of telecommunication enterprises, with particular relevance for emerging and transitional economies.