O2 Investors Ahead of Themselves

O2 Investors ahead of themselves

The telecom sector is alive with bids at the moment: just recently Holland's Telfort was sold to local rival KPN for over 1bn euro. Italian operator Wind has been snapped up by an Egyptian-led consortium for some 12bn euro. And all the while Spanish group Auna is contemplating accepting a bid from private equity companies.

So it's no wonder that investors reckon that UK mobile group O2 could be next. And why not: the group has "obvious charms", says Mike Monnelly on Breakingviews.com. It has performed well of late, growing rapidly in both Germany and the UK.

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