Summary
TERRIFIC telecoms were all the rage as the sector continued to be re-rated in the wake of the Pounds 13.7bn agreed bid by private equity giants TPG Capital and Goldman Sachs for Alltel, the number five US wireless operator.
Vodafone buzzed 5.3p higher to 149.9p on massive turnover of 1.3bn as buyers connected ahead of Tuesday's annual results and responded to vague speculation that the Pounds 80bn group could yet figure in a mega private equity deal.See the full content of this document
Extract
Telecoms Ring Up the Big Numbers ; Market Report
Buyers were also happy to pile in after hearing that Vodafone has missed out on the purchase of the Dutch arm of France Telecom's Orange mobile phones business, which could have easily set it back Pounds 1bn-plus.
D...See the full content of this document
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