Which of the following statements are correct?

BBB operates a national mobile phone (cell phone) network in one country. It is considering investing in upgrading its network to 4th Generation (4G) by providing an improved bandwidth that will enable its customers faster access to the Internet.

The investment will cost $29 million which BBB’s institutional investors have agreed to provide by subscribing to a rights issue. This is because management has informed institutional investors that a rival is already offering 4G and that this is taking customers away from BBB because BBB’s network is now regarded as too slow. BBB’s remaining customers have shown a willingness to pay extra for 4G and overall the investment will have a positive net present value.

Which of the following statements are correct? Select ALL that apply.
A . BBB will gain a first mover advantage.
B . It provides a market development opportunity for BB
D . There is stakeholder approval for the investment.
E . It is essential given the strategic threats to BB
G . There are sufficient investment funds available.

Answer: C,D,E