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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 desk survey {NSN MZJ98T6JIJUO <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