Telecoms: BT coup for Generale boss

Article Abstract:

An agreement has been reached between British Telecommunications (BT) and Generale des Eaux which is selling a 25% stake in Cegetel, a telecoms subsidiary, to BT. Generale will keep a stake of 50% in Cegetel while the remaining 25% will be shared between SBC Communications and Mannesmann. This agreement is seen as a triumph for Jean-Marie Messier, the chairman of Generale des Eaux who took over his post in 1995. He is seen as having boosted Generale's efforts to strengthen its telecoms activity.

Investments, Cegetel S.A., Compagnie Generale des Eaux

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Waiting for BT to spend

Article Abstract:

British Telecommunications (BT) has had its international plans disrupted by the failure of a planned merger with MCI. The company will receive compensation for this. Two brokers from a sample of six rate the company's stocks a buy, and four rate them a hold. The buyers are Credit Suisse First Boston, and Societe Generale Strauss Turnbull, which sees BT as performing well in Europe. The holders are Credit Lyonnais Laing, Daiwa, ABN-Amro Hoare Govett, and Merrill Lynch.

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Dial BT for value

Article Abstract:

British Telecom's shares have been held back in recent years due to concern about regulation and increasing competition. However the company handles more than 90% of UK phone calls and it its 1st qtr 1995 results showed an impressive performance. BT is believed to be well placed to be a leading contender for telecoms in the next century, and it has already been given regulatory clearance for its concert joint venture with MCI of the US, a long distance phone operator.

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