You would expect such earnings from a dominant player but what's of interest is how the company moves forward following the collapse of merger talks with KPN, ... The question is, will they seek an alliance with BT (British Telecommunications), which is keen on expanding services in Latin America.
More Quotes from Nigel Hawkins:
France Telecom has to reassure the markets that it didn't overpay for Orange and show investors it is serious about reducing its debt,Nigel Hawkins
The difficulty is defining where the local loop and the fixed line infrastructure begins. It's a complicated story but I'm really skeptical if any of these reports during the summer silly season will lead anywhere.
Nigel Hawkins
The fixed line business we value at north of 20 billion, but any break-up must consider how BT's remaining assets should be broken up, ... That in itself is a major stumbling block.
Nigel Hawkins
There are some shareholders who want BT to hold on to Wireless because they feel the company could lose revenue that a combined company can enjoy, ... I expect the sale to go ahead. BT has called an analysts meeting for September 5 to outline its plans for BT Wireless.
Nigel Hawkins
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