Which of the following statements are correct?

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

This investment will cost S29 million which YZ’s institutional investors have agreed to provide by subscribing to a rights issue. This is due to management having informed institutional investors that a rival is already offering 4G and that this is taking customers away from YZ because its network is now regarded as too slow. YZ’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? (Choose all that apply.)
A . It provides a market development opportunity for Y
C . YZ will gain a first mover advantage.
D . There is stakeholder approval for the investment.
E . It is essential given the strategic threats to Y
G . There are sufficient investment funds available

Answer: CDE