Telekom sale gets going

Article Abstract:

Deutsche Telekom is carrying out a privatization sale of a 20% stake to domestic private investors and international institutional investors. The company aims to raise some 7.7 billion pounds sterling from the flotation. Deutsche Telekom will rank heavily in the Dax index and this will lead to strong demand from investors seeking to replicate this index. Investors will also be able to buy shares in telecommunications concerns in France, Italy and Spain where privatizations are also planned.

Deutsche Telekom AG

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Wireless wonder

Article Abstract:

Ionica plans a stock flotation which is backed by SBC Warburg. The company is pioneering radio wave technology for telecommunications and this gives the company a major cost advantage since roads do not have to be dug up. Ionica still faces competition from British Telecommunications though Ionica's tariffs are lower. The stock flotation is raising some 125 million pounds sterling which gives Ionica a value of some 600 million pounds.

Ionica Ltd.

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National Grid weighs up Energis float

Article Abstract:

National Grid could carry out a stock flotation of Energis, its telecommunications subsidiary. Greig Middleton has valued Energis at 800 million pounds sterling. Energis aims to make a profit of 36 million pounds for 2001, with losses of nearly 400 million pounds prior to that date. A demerger is also a possibility and would mean that stockholders would be given Energis stocks in relation to their stakes in National Grid.

Mergers, acquisitions and divestments, National Grid Company PLC, Energis Communications Ltd.

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