*Vivendi's SFR coveted by Bouygues, Numericable. SFR's owner, Vivendi, confirmed receipt of two offers for France's second-biggest telecom group on Wednesday. The bidders are cable operator Numericable- backed by Patrick Drahi, number 215 on Forbes' billionaires list- and Bouygues- the family company of Martin Bouygues, Forbes' billionaire number 408..» Read More
RIM’s market drop has been so dramatic, analyst Mark McKechnie of ThinkEquity says it’s likely too late for a comeback.
In times of financial market volatility, utilities such as telecom firms are generally perceived as safe haven plays for investors. This has been true for the sector in Singapore, where all three telecom service providers have outperformed the broader market.
Vodafone, the UK-listed telecoms company, has warned it faces a doubling of the $2.5bn tax bill it is contesting in the India Supreme Court in July. The FT reports.
With volatility roiling global markets in recent weeks, Christopher Mittleman, Chief Investment Officer at Mittleman Brothers Investment Management, recommends that investors ignore the short-term events - like the Greek crisis - and focus on fundamentals.