News

The strongest-ever quarterly earnings from the UK’s largest mobile phone group, Everything Everywhere, today boosted the chances of its £10 billion flotation on the London stock market taking place by the end of this year.

France Telecom shares priced

THE FRENCH government yesterday said it would raise 36.8bn French francs (pounds 3.9bn) from the sale of France Telecom shares to private investors in Europe's biggest public offering of the year.

Vodafone gains from phone float

PANAFON Hellenic Telecom, the Greek mobile phone company in which Britain's Vodafone has a 55 per cent stake, is to offer 15 per cent of its equity to global investors in a move which values Greece's largest mobile phone company at around pounds 2.5bn. The equity is being sold by France Telecom, which is reducing its holding from 35 per cent to 20 per cent. Vodafone is not selling any of its stake. Panafon is Greece's largest mobile telephone company, with just over half of the Greek mobile phone market.

Telecoms giant to double its reach

MCI WORLDCOM, the US telephone giant, is to double the size of its long-distance network in Europe over the next year in an aggressive attempt to take on rivals such as British Telecom, writes Peter Thal Larsen.

Orange to buy chunks of talk time in Europe

ORANGE, the mobile-phone operator, is hoping to launch a service in continental Europe by buying large chunks of call time from established mobile-phone operators.

Investment: Orange numbers again confound the critics

CAN ORANGE do no wrong? Ever since the mobile phone operator launched its service in 1994 it has made a virtue of confounding its critics. Yesterday it did so all over again, releasing an impressive set of first-half results.

Orange slashes call costs and adds new offers

ORANGE YESTERDAY fired another salvo in the increasingly hostile mobile phone price war by slashing the cost of its off-peak calls and launching a range of other offers to attract new users.

Orange loses

Orange loses

Football: Bergkamp's first start

ARSENAL STRIKER Dennis Bergkamp yesterday confirmed that he will make his first start of France 98 in the Netherlands' Group E game against South Korea on Saturday.

First link opens in telecoms network

THE FIGHT for dominance in the European telecom market intensified as Esprit Telecom, the Reading-based operator, opened a new high-speed link between Paris and London.

Energis targets business

ENERGIS, the long-distance telecoms supplier, yesterday unveiled an alliance which will speed up its plans to build local telecom networks in UK cities and boost its chances of competing with British Telecom in the pounds 6bn business telecoms market.

Outlook: Dialling the best story in town

THE market loves nothing better than a good story and just now one of the best stories in town in telecoms. Yesterday the Energis share price spurted 19 per cent just because it did something that it had promised to do at the time of its flotation last year.

Market Report: The future looks red for Orange buyer

WHEN British Aerospace sold a 16 per cent stake in Orange, the mobile phone operator, to SBC Warburg last Thursday it looked as if the broker had done a handy bit of business. But the subsequent share price slide has left it seeing red.

BAe raises pounds 764m in sale of Orange shares

BRITISH Aerospace yesterday raised pounds 764m by selling the bulk of its holding in Orange, the mobile phone operator, in an institutional placing.

Market Report: Takeover bid talk boosts C&W as gossips dial in

TELECOM groups Cable and Wireless and Orange survived a blue- chip somersault which killed what, at one time, seemed likely to be to another record-breaking run.

Market Report: Orange rings up new high amid rumours of BAe sale

As most blue chips took a breather after last week's heroics Orange, the loss-making mobile telephone group, continued to dial new highs.
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