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Alcatel Rises; AT&T Capex Plan Above Ests, Kepler Cheuvreux Says 2014-01-29 08:36:42.386 GMT
By Sam Chambers Jan. 29 (Bloomberg) -- Alcatel rises for a thrid straight session, gains as much as 3.8% today, 3-day rise ~7.3%; Stoxx 600 tech index +1.4%. * Stoxx 600 up as much as 1.1% today; over last 2 years, Alcatel shrs have weekly beta of 1.5 vs Stoxx 600: Bloomberg data * Yday, AT&T said it sees 2014 capex in ~$21b range * Kepler Cheuvreux: U.S. mkt spending looks healthy in 2014, is positive for Alcatel, Ericsson * AT&T will probably begin adding capacity to its 4G network in 2H * Ericsson likely to be pressured in S/T due to omission from Sprint’s ‘Spark’ project, peaking of deployments at T-Mobile USA * NOTES: * The U.S. comprised 37% of Alcatel’s 2012 sales and 26% of Ericsson’s 2012 sales; both cos. supply AT&T: Bloomberg data * Ericsson reports 2013 results on Jan 30, Alcatel reports 2013 results on Feb 6
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To contact the reporter on this story: Sam Chambers in London at +44-20-7673-2021 or schambers7@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net