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TELIA - Telia AB News Story

SEK35.66 -0.0  -0.1%

Last Trade - 10:56am

Sector
Telecoms
Size
Large Cap
Market Cap £12.38bn
Enterprise Value £20.74bn
Revenue £7.51bn
Position in Universe 55th / 1831

STOCKS NEWS EUROPE-Jazztel gains on takeover hopes

Wed 19th February, 2014 1:32pm
Shares in Spain's Jazztel  JAZ.MC  gain 3 percent to 9.55 euros ($13.13), leading domestic blue chip gainers and reaching a twelve-month high on hopes it will be a takeover target in expected consolidation in the telecoms sector.  "If Vodafone buys Ono, the next logical step would be for Orange to buy Jazztel," a senior executive in the Spanish telecoms sector says. Orange  ORAN.PA  or Teliasonera's  TLSN.ST  Yoigo are highly likely to bid for Jazztel in order to remain competitive in Spain, Berenberg says, raising its target price to 12 euros per share. For more double click on  ID:nnL6N0JP2IU  Reuters Messaging  rm://robert.hetz.reuters.com@reuters.net ($1 = 0.7272 euros) Keywords: MARKETS EUROPE STOCKSNEWS
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