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M&A to Drive EU Telecoms Shares in 2014, Macquarie Survey Says
2014-01-17 08:53:20.871 GMT
By Gaurav Panchal
Jan. 17 (Bloomberg) -- M&A is expected to be the driver of
European Telecoms sector in 2014 as expectations for
fundamentals remain to the downside, Macquarie’s buy-side
investor survey shows.
* Macquarie estimates Vodafone is implying a 55%-60%
probability of offer from AT&T
* Ziggo, Telenet also likely M&A candidates, given LBTYA’s
publicised interest: Macquarie
* Beyond M&A exposure, investors expect regulatory model to
continue to shift towards rewarding investment rather
focusing solely on price: Macquarie
* Key stocks for 2014: BSkyB, Mobistar, Orange, Portugal
Telecom, Swisscom, Sky Deutschland, Telecom Italia, Telenet,
United Internet
* Earlier: Vodafone cited most often as merger target in M&A
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Link to Company News:{BSY LN <Equity> CN <GO>}
Link to Company News:{T US <Equity> CN <GO>}
Link to Company News:{DTE GR <Equity> CN <GO>}
Link to Company News:{KPN NA <Equity> CN <GO>}
Link to Company News:{ORA FP <Equity> CN <GO>}
Link to Company News:{PTC PL <Equity> CN <GO>}
Link to Company News:{SCMN VX <Equity> CN <GO>}
Link to Company News:{TALK LN <Equity> CN <GO>}
Link to Company News:{TEF SM <Equity> CN <GO>}
Link to Company News:{TIT IM <Equity> CN <GO>}
Link to Company News:{TNET BB <Equity> CN <GO>}
Link to Company News:{VOD LN <Equity> CN <GO>}
Link to Company News:{ZIGGO NA <Equity> CN <GO>}
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To contact the reporter on this story:
Gaurav Panchal in London at +44-20-7392-0511 or
gpanchal2@bloomberg.net
To contact the editor responsible for this story:
Brian Lysaght at +44-20-7330-7908 or
blysaght@bloomberg.net