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Belgian Cable M&A to Increase Pressure on Belgacom: Goldman 2014-04-14 06:49:59.485 GMT
By Sam Chambers April 14 (Bloomberg) -- Pricing pressure in Belgian mobile has raised expectations of consolidation, although Telenet has little incentive to acquire mobile assets as it has access to Mobistar’s network until 2017, Goldman says. * Goldman: consolidation of the country’s fragmented cable mkt is more probable in S/T, with Telenet and Altice the likely drivers * Cable consolidation would strengthen Telenet’s structural quality and put Belgacom’s premium pricing strategy under pressure * Rates Belgacom conviction sell, Mobistar sell, Telenet buy * NOTE: Broadband mkt share here; TV mkt share here * NOTE: In Oct., ABN Amro said Mobistar is an attractive target for Telenet
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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