Telecommunications Services


BRIEF-Prague bourse sets reference price of CZK 49.40 for Czech O2 after spin-off

* Prague bourse (PSE) says, following spin-off, reference price of CZK 49.40 was determined as an arithmetic average of values reported to PSE by all active market makers

7:40am EDT

UPDATE 1-Sany says diversifying into smartphones, as machinery demand slips

BEIJING, May 29 - Chinese construction machinery maker Sany Group, which has been hit by a sustained market slowdown, said it is venturing into smartphones, as part of a plan to diversify away from heavy machinery.

Technology, Industrials 6:59am EDT

Deals of the day- Mergers and acquisitions

May 29 - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday:

BRIEF-Intracom Holdings Q1 EBITDA rises to 9.7 mln euros

* Q1 net profit at 2.00 million euros ($2.20 million) versus net loss of 2.70 million euros year ago

5:54am EDT

BRIEF-Ofcom publishes decisions to vary Qualcomm UK spectrum licence

* Publishes decisions to vary Qualcomm UK spectrum licence and to include new frequencies in mobile trading regulations

Telecommunications Services
Verizon Communications Inc $49.54 --
AT&T Inc $34.80 --
T-Mobile US Inc $38.32 --


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