I don't think the bid at 10 euros stands any chance of success. |
It shouldn't be too hard to get a majority if the board is proposing something positive. |
The numbers look fine. It is a reassuring set of results. |
They (BT) are certainly getting (MCI) on much better terms than we would have thought they were going to be able to negotiate. |
They have some very big challenges in the mobile business in Germany and the UK and also in broadband in Germany. |
We believe that it is unlikely that Blackstone would make such a large investment intending to be a purely passive investor. This is likely to give rise to general market expectations that further steps will be taken to enhance shareholder value. |