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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (43648)	3/25/2002 8:50:30 AM
From: puborectalis	Respond to of 99280

Finland's largest telecom operator Sonera, rose about 6 percent after it confirmed on Monday it was in merger talks with the region's largest operator Telia of Sweden. Telia shares were up about 5 percent. A link-up of the two state-controlled companies would create a carrier with a market capitalisation of about $17.2 billion. "This will probably not be the end of consolidation amongst telcos as they need to pool resources to build networks. It is negative for telecom equipment suppliers as it means there are less potential clients out there,'' Stuart Fraser, head of European equities at Standard Life Investments, told Reuters. Aside from mergers, he said investors were also encouraged by improving economic and corporate outlooks. "It is now the consensus that economies are bouncing faster than people thought. For equities to advance further now it is just a question of how quickly corporate profits will reflect this,''