The first and best IPO opportunities should be immediately seized in telecommunications?
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its new tech and first adopters always make a gain and well look at how pagers cellphones and now voip are moving up in the world.
I do not think you would need an explanation of why the best should be seized. That should be straightforward.
Whether the first should be seized also depends in which market you are operating. It is possible that it is a market where telecommunications was subject to a government monopoly and to get a slice of telecom might be a good thing.
You need surrounding market conditions before you can really comment on the statement.