Shares in London-based Cable & Wireless Worldwide leapt 12.9 percent in morning trading on the London Stock Exchange amid trader rumors of bid interest from US giant AT&T Inc. (NYSE: T), reports Reuters. By 1:30 p.m. in London, the operator's stock was trading at 70.5 pence (US$1.09), up 5.5 percent.
TeleGeography reports, citing German newspaper Handelsblatt, that mobile operator Vodafone Germany is planning legal action against the might of incumbent Deutsche Telekom AG (NYSE: DT). At issue is DT's bitstream access service, which, says Vodafone, is inadequate. And that simply won't do!
Orange is big, but some mobile operators aren't -- well, not yet, anyway. The CEO of Belgian mobile firm Mobistar SA , Benoit Scheen (no relation to Charlie, we hope), has been telling newspaper La Libre Belgique that consolidation in the European mobile market is inevitable. According to Scheen, the European market will become more like those in China, India, and the US, reports Reuters, which are dominated by a small number of large players.
French media group Vivendi is in the pink following the release of first-half results showing EBIDTA (earnings before interest, depreciation, tax, and amoeba) up 11.9 percent year-on-year, thanks in large part to recent acquisitions of GVT, Activision Blizzard, and SFR . (See Vivendi Posts H1 Results.)