Miles
05-09-2005, 08:59 AM
UK-based mobile operator O2, formerly BT Cellnet, is in a position to bid for a rival operator such as Germany’s E-Plus or Hutchison Whampoa’s 3, according to City analysts. After the collapse of talks between Germany’s Deutsche Telekom and Netherlands-based operator KPN for a joint takeover of O2, the former target is seen as a potential predator.
Given the strength of O2’s German operation, a German acquisition such as KPN’s E-Plus is seen as likely. Citigroup’s telecoms analysts say: “In Germany the logic in offering to buy
E-Plus needs no explanation. The current price – maybe £10bn (E14.6bn, $17.9bn) based on recent transactions – would have to stretch in 2006 to reflect tax losses available only to Netherlands-based KPN.”
Read full article (http://www.thebusinessonline.com/Stories.aspx?StoryID=F67EBE09-87D0-450E-85B6-A472E53C41B8&SectionID=F3B76EF0-7991-4389-B72E-D07EB5AA1CEE)
Given the strength of O2’s German operation, a German acquisition such as KPN’s E-Plus is seen as likely. Citigroup’s telecoms analysts say: “In Germany the logic in offering to buy
E-Plus needs no explanation. The current price – maybe £10bn (E14.6bn, $17.9bn) based on recent transactions – would have to stretch in 2006 to reflect tax losses available only to Netherlands-based KPN.”
Read full article (http://www.thebusinessonline.com/Stories.aspx?StoryID=F67EBE09-87D0-450E-85B6-A472E53C41B8&SectionID=F3B76EF0-7991-4389-B72E-D07EB5AA1CEE)