This document discusses five potential nightmares for telecom companies: 1) Gaining physical access to base station networks which could allow accessing clear text login credentials; 2) Exploiting vulnerabilities in Operation Support Systems to retrieve password hashes or gain administrative access; 3) Spoofing GTP packets to activate or delete PDP contexts and potentially steal money; 4) Losing over $1.5 million in a single day by exploiting a VoIP vulnerability to make calls to Cuba; 5) Bypassing CAPTCHAs and installing unauthorized services on user accounts through a self-service portal vulnerability. The document emphasizes that telecom systems are huge and complex with many possible security issues.