Successful launch for the mobile phone companies quoted on the London Stock Exchange, following the positive closing of the Nasdaq yesterday. Vodafone currently shows a rise of 0.7% to 103.5 pence, while mmO2 advancing by 3.4% to 46 pence. Leggera flessione invece per BT Group, scambiata a 252,75 pence (-0,5%).
The market of the grant awarded today the title of the Madrid giant Telefonica, which in about twenty minutes after the close of trading marked a rise of 5.78%, passing from hand to 15.18 euros. Well the rest of the securities of the group Moviles (branch mobile) marks an increase of 4.60% to 8.18 euros, TPI (the branch of advertising and yellow pages) gained 5.36% while Terra Networks ( ISP family) marks +7.18% passing from hand to 8.36 euros.
Starting eighth in the name of the color red for ttolo the Finnish telecoms giant Nokia, the world’s leading manufacturers of mobile phones. The stocks traded on the threshold of 25 euro scoring a fall of 1, 54%. Hex25 guide you on the index also highlights the negative performance of Sonera, the title of the first telecom operator in the country lost more than 15% passing from hand to 5.24 euros.
British Telecom, in the last quarter in which presents the results for both the unified fixed and mobile division, said that sales fell short of analysts’ forecasts, while announcing the upcoming removal the finance director Philip Hampton. Revenue for the second fiscal quarter is because of 5.3 billion pounds, up from 5 billion a year ago but still lower than the 5.45-5.5 miliardi expected by analysts. EBITDA amounted to 1.46 billion pounds ($ 1.57 billion in 2000), against an expectation of the market of 1.47-1.51 billion pounds. E ‘was the president of BT, Christopher Bland, to declare that the contract of chief financial Hampton will not be renewed at the next deadline.
A spokesman for Deutsche Telekom has announced this morning that has not yet been set no date for the subsidiary’s stock market debut in T-Mobile. So almost a refutation of the statement issued by Karl-Gerhard Eick, chief financial officer of a subsidiary of mobile telephony.
good day at the Madrid Stock Exchange for the group of telecom giant Telefonica, at least according to the first trade of the session that they see all the titles of the group in positive terrain. Telefonica marks an increase of 2.02%, passing from hand to 13.13 euros. Well even Moviles, the mobile sector, which marks an increase of 1, 42% to 7.15 euros. In soil also positive TPI, a subsidiary of Yellow Pages and advertising that earns 2.86% Terra Networks and an increase of 2.59%.
It seems the phenomenon of the moment, because in Japan, usually known for i-mode mobile phones the last battle is fought on the front of ADSL for broadband Internet connections. Last month shook the market was the announcement by Softbank, the first Internet fund the rising sun, in regard to its entry in the market for ADSL Internet connection. Softbank offers a fast connection at a price equal to about half of the competitors. Offer that leaves most skeptical analysts who see the horizon the possibility of a new race to the bottom in prices, causing a thinning of profitability. Now the surprise is that Sony, through its subsidiary So-Net, decided to land itself in the broadband business by offering Internet connectivity. The offer will start on August 15 promises to be very competitive, even if it is not yet possible to compare the tariff Softbank.
BT Wireless, handset division of British Telecom, has proposed that the five operators licensed to provide 3G services in the Netherlands to share the cost of building the necessary network. The proposal by the British company is only the latest attempt of cooperation among European operators in order to reduce infrastructure costs. The mobile phone company in the Netherlands involved in the project are, besides the unity of Bt, also the British Vodafone, the KPN olandse, France’s France Telecom and Deutsche Telekom.
MobilCom, the second German mobile phone group, said its losses increased in 2000 after participating in the tender for UMTS licenses, and because of fierce competition has forced companies to depress the prices. The loss reached 174.5 million marks, although sales have doubled to 4.6 billion marks from 2.43 edl ‘99. Mobilcom, controlled by France Telecom, which debuted today, Orange, last year also doubled its customer base has reached 6.5 million customers.
Uncertainty in global equity markets thus generalized. But in Europe, what happens? The titles of the old continent Telephone suffer reduction delleattese collection IPO of mobile operators, and reflections of these programs on corporate debt reduction plans. Sonera, Mobilcom, and Vivendi will release the financial information during the week. This is the opinion of BNL. In the medium term, the possibility of rate cuts by the ECB could support the insurance industry, which, having performed live over the market from January 2000, should benefit from the revaluation of bond portfolios relating to technical provisions. Oil sector also positive, supported by oil prices.
