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电信强国之路的客观要求,加入WTO后电信市场的逐步放开,新技术的更新换代和业务需求的不断膨胀等多种因素,客观上要求中国电信业在今后5—10年内必然进行新一轮的大量投资。因而,投资决策的正确性成为中国电信业健康发展的基本保证。而科学的投资估价方法成了衡量投资决策正确性的一个重要基准。基于中国电信业目前投资缺乏科学的和合理的估价标准,为了适应电信业的发展,必须大胆地在中国电信业的投资估价中运用实物期权的方法。
The objective requirements of the road to a strong nation in telecommunications, the gradual liberalization of the telecommunications market after the accession to the WTO, the upgrading of new technologies and the continuous expansion of business needs, etc. objectively require the Chinese telecommunications industry to inevitably carry out a new one in the next 5-10 years A lot of rounds of investment. Therefore, the correctness of investment decisions has become the basic guarantee for the healthy development of China’s telecommunications industry. The scientific investment valuation method has become an important benchmark for measuring the correctness of investment decisions. Based on the current lack of scientific and reasonable valuation standards for investment in China’s telecom industry, in order to adapt to the development of the telecom industry, it is necessary to boldly apply real options in the valuation of China’s telecom industry investment.