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Technology Stocks : Vodafone-Airtouch (NYSE: VOD)

VOD 13.51

-2.3%

Jan 9 3:59 PM EST

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To: MrGreenJeans who wrote (3054)	12/10/2000 2:18:30 PM
From: MrGreenJeans	Read Replies (1) of 3175

Vodafone to bid for Optus mobile arm-paper LONDON, Dec 10 (Reuters) - UK mobile phone giant Vodafone Plc is planning a five billion pound ($7.25 billion) bid for the mobile arm of Australia's second-ranked telecoms firm Cable & Wireless Optus Ltd (Australia:CWO.AX - news), the Sunday Business newspaper reported. The speculation follows reports last week that Japanese mobile giant NTT DoCoMo Inc was reconsidering a possible joint bid with Telecom New Zealand for Optus's mobile arm, which would have given each a 20 percent stake. An industry source told Reuters last month thatVodafone, which has over 18 percent of the Australian mobile phone market, was interested in Optus's mobile phone assets.

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