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Earnings season is well and truly underway, but weakness from Europe has spoilt the party on both sides of the Atlantic.
European shares rose on Thursday, resuming the two-week rally that has propelled indexes to multi-year highs.
South Korean telecom executives have a message for European cousins who have long looked on in envy at the highly connected Asian market: Be careful what you wish for.
Stephane Richard, CEO of France Telecom-Orange, tells CNBC that the European telecoms industry is weak, pays too much tax and needs a digital strategy.
European telecom stocks have declined more than 10 percent over the past year. That sell-off has pushed yields on many large-cap names to between 6 and 10 percent. Yet dividend fund managers who would normally snap up such high yielding stocks are steering clear, worried about the sector's health and the prospect of dividend cuts.
U.S. telecoms group AT&T is looking at an acquisition in Europe, possibly of Dutch peer KPN or the UK's Everything Everywhere, the Wall Street Journal reported.
Rallying telecom stocks and a bullish start to the new earnings season propelled Europe's top shares to fresh 22-month closing highs.
LONDON, Nov 2- European stocks flirted with two-week highs on Friday, supported by hopes a U.S. job report will reassure about the health of the world's biggest economy, opening the door to more gains.
VIENNA, Oct 31- T-Mobile Austria could slash investment or even withdraw from the country if it is not allowed to compete with rivals that get frequencies needed for fourth-generation LTE mobile products, CEO Andreas Bierwirth told a newspaper. The Deutsche Telekom unit is Austria's second-biggest mobile provider after Telekom Austria.
BRUSSELS, Oct 12- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --U.S. technology distributor Ingram Micro Inc to acquire rival BrightPoint Inc. OCT 22-- OAO VTB Bank and Corporate Commercial Bank.
BRUSSELS, Oct 11- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --U.S. machinery maker Terex and Russian auto maker GAZ, which is controlled by Russian business conglomerate Basic Element Group, to set up a joint venture. OCT 22-- OAO VTB Bank and Corporate Commercial Bank.
BRUSSELS, Oct 10- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Private equity firms Carlyle and BC Partners to acquire U.S. industrial pumps maker Hamilton Sundstrand Industrial which is owned by United Technologies Corp. OCT 22-- OAO VTB Bank and Corporate Commercial Bank.
*Barclays cuts Mobistar price target to 30 euros from 38 euros. $3.90* Barclays raises VimpelCom price target to $10.20 from $9.80* Barclays cuts Belgacom price target to 22 euros from 23 euros. euros from 57 euros* Barclays raises kpn price target to 10.80 euros from 10 euros* Barclays raises ote price target to 3.53 euros from 3.34 euros.
NAIROBI, Oct 9- Kenyans spent more time surfing the Internet on their cell phones in the second quarter of this year from a year ago in east Africa's biggest economy, the regulator said on Tuesday. Kenya's top telecoms operator Safaricom, which commands a 70 percent market share, plans to expand its fibre-optic cable and support a rising customer base.
BRUSSELS, Oct 9- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Private equity firms First Reserve Management and SK Capital Partners to acquire indirect joint control of petrochemical product maker TPC.
HONG KONG, Oct 9- Hong Kong shares were set for a flat to slightly higher open on Tuesday with investors focused on China's domestic markets for direction, after the International Monetary Fund said China's growth was expected to weaken to 7.8 percent this year.
The European Commission, which oversees EU competition policy, has expressed concerns that the planned 1.3 billion euro deal would eliminate one of Austria's four main telecoms providers.
BRUSSELS, Oct 8- The EU's antitrust chief said on Monday he hoped that Hutchison 3 G would propose sufficient concessions to ease regulatory concerns and allow clearance of its bid for France Telecom's Orange Austria.
LONDON/ MADRID, Oct 8- Private equity groups Investindustrial and Trilantic Capital Partners have bought almost half of Spanish cable operator Euskaltel, the market leader in highspeed broadband in the industrialised Basque region.
BRUSSELS, Oct 8- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Private equity firm Carlyle Group LP to buy photo agency Getty Images Inc from private equity firm Hellman& Friedman LLC.