Spanish telecoms company Telefonica has issued a statement to announce that it has signed an agreement with ACEA to form a consortium that will participate ‘in the bid for the award of one of the five UMTS mobile phone licenses in Italy . At the Spanish group will manage the consortium and also the majority of the capital. Telefonica MAY ‘open alliance with other partners, with whom negotiations are ongoing, and in this case reduce its share capital.
Yet another slide in the Nasdaq followed by a nervous performance of European stock exchanges. But how long? “Europe is more to influence the fear of what might happen in the markets of overseas of what really happens,” said Luke Streri, market strategist at studies and investment securities, “The trend of the last session on Wall Street , negative for the Dow Jones, has scared the markets of the continent. But there is no panic among investors. The correction could be over why the United States have already developed as Europe seems determined to do so. At these price levels you can start looking at some titles with a view to purchase. This does not mean that the market will divide, but after a few bounces will enter a stage side, in which securities to increase awareness of the Old Economy such as insurance and banking, but also the confidence will come back on TMT sector. And ‘a must selectivity that will choose the titles that have a larger and more visible. Among the most interesting are Tim RNC and Telecom savings, Fiat privilege, Tiscali (with an entry price around 550/600 euros), Toro, general, and in the interests of trading, Finmeccanica.
Mediaset resists the loss of Piazza Affari, and to score a +0.83% at 17.48 euros. According to Fabrizio Aliani of SimGest the title is one of the most interesting among the media, in what is estimated to be between 22 and 23 euros, taking into account only the core business. If you include the synergies and the potential arising from Jumpy and activities related to the Internet, it becomes obvious the intrinsic value of the title. Note that appealing Mediaset also stems from the estimates on advertising revenue, if for now the advertising has exhibited a growth of 20%, it will in future be a major source of revenue for the group.
soaring inflation in Germany increasing by 0.2% on a monthly basis and 1, 9% on an annual basis. This is the highest figure for over two years now. The cost of living has also grown due to higher oil prices, say economists, who are waiting for this afternoon the decision of the European Central Bank might raise interest rates again.
It Accelerate the freshman Chl, aiming to land on the New Market in May. “We hope to land on the New Market in May, with a share around 20% of the capital. It told Reuters in an interview Bargagni Stefano, President of the portal for e-commerce computing products. “These days we are defining how the operation which will consist of the public for subscription, resulting from a capital increase already approved and, perhaps, the sale of a very small share,” said Bargagni.
The mobile operator Tim won, coupled with the Turkish bank Is Bankasi, has won the tender for the license as the third-largest telecoms operator in Turkey. Minister of Transport Enis Oksuz turkish approved the sale of the license by which the consortium will operate for 25 years. The offer amounted to 2.525 billion dollars and has beaten the proposal of the Spanish Telefonica of 1.35 billion dollars. Tim will work then as a third handler, after the Turkish companies Turkcell and Telsim, which respectively 6.3 and 2.81 million customers. A fourth license is yet to be allocated.
In Paris, the greatest caution reigns accompanied by a low volume of trade, the old economy pulls downward while the CAC 40 trans technology stocks do better than American ones. L ‘tip of the index of the Paris stock exchange marks a -0.26%, the values were fluctuating throughout the day and at the end of trading should not deviate much from the current ones.
Lehman Brothers and Fineco Sim has reached an alliance that will allow customers Fineco Online access to new products and research. Thanks to the agreement also will provide Lehman Brothers in a preferred new location and new products to approximately 80 thousand customers Fineco. “We consider Fineco said the market leader of online and we expect that the basis of its customers increases with speed. This new agreement offers significant opportunities for both sides, “said chief executive Jeremy Isaacs of Lehman Brothers. Bipop, which controls Fineco, swap the upside this morning and marks +5% to 105.9 euros.
L ‘English for the competition authority has sent to the government of Tony Blair a note in which it is a chance to block the alliance between Vivendi and BSkyB. The agreement between Murdoch and the French could, according to the Board, create a dominant position in the market for television rights and live sporting events. Vivendi said that it considers unacceptable pressure to sell its share of 25% on the English media group, especially in light of the recent big merger between Pearson and CLT-Ufa. The French company marks an increase of 3.29%.
