any consensis re price movement on monday after board rejected offer outright
are they looking for better options

Institutions dictated BT raise finance to reduce debt,obvious candidate OOM.
BT also still hold I believe share of OOM so will gain on any takeover.On a diff note have you noticed how all these broadband telco's PXC,Tiscali etc all require as a condition you have a BT line,what does that tell you.

Fortunately or otherwise BT holds no part of mm02, neither did they accrue any benefit from the flotation, so the loss of this asset to a competitor is all bad news, for BT it's market position will be further weakened, and for mm02 shareholders the price will be lower to any other buyer.
Best news for all concerned, especially those unforunates like me who hold both stocks, would be an all paper bid from BT followed as soon as possible by a sale of the mm02 german division to KPN, for whom the synergies would make the purchase of this part of mm02 much more attractive than the purchase of the whole, the german unit being the sole reason for KPN interest in mm02.

This news together with the takeover talk will have a massive impact on the share value IMHO.


LONDON (AFX) - UK-based mobile telecom group mmo2 PLC said O2 Airwave, its emergency services telecom provider, has been short-listed in the bidding to provide telecoms for the UK fire and rescue service until 2014.

Firelink, which is running the procurement on behalf of the Office of the Deputy Prime Minister, is expected to announce the successful supplier later this year.

The company did not disclose the contract value.

But O2 Airwave has already introduced similar services at Lancashire and Shropshire Fire and Rescue Services. The system is being rolled out to all 53 of the UK's police forces under a 2.9 bln stg government contract.

tf/rn


Good luck to everyone riding the crest of the wave02

I would have been on the crest of a wave if I'ed kept them when longed @ 84.5 200 p/point on 05-02-04 :o((

Could anyone advise a small holder of these shares, ( only a few hundred more than there 1 - 600 share limit) Would it be in my interest to sell at what I consider is going to be the best share price before March, wait & take the cash offer, what ever that might be. Or stay with the Company if allowed? Your opions will be gratefully received from a novice in this game.

Balerboy: Like you (and many others) I hold a few hundred of these.

The consensus is "Strong Hold" so that's what I'll do. The amount I'd realize by selling isn't so much that it would make a difference to my lifestyle :)

DYOR, as ever.

Deutsche Bank announced today that they've raised their price target for OOM from 130p to 150p.

From UK-Analyst.com: May 18th 2005

Shares in mobile phone operator O2 added 2p to 116.5p after the company unveiled a larger-than-expected maiden dividend payment - and the results weren't all that bad too. For the year to March 31st, the company paid an inaugural dividend of 2.25p a share - higher than a consensus view of 1.85p a share. This left the share trading on an historic dividend yield of 1.9%. Over the course of the period, pre-tax profits came in at 309 million pounds, up from 95 million pounds in the prior year. It customer base grew by 3.26 million to 23.96 million and group net debt fell by 288 million pounds to 78 million pounds.

GS upgrade today

any chance of o2 price moving above 127???
any suggestion about o2 cfd, going long or short, which one is better position to hold???

Anyone think this is worth going long on???

Mobile phones operator O2 put on 2p to 154p. Broker Investec Securities says the company may surprise the City by splashing out a lot more of its spare cash on shareholders with bumper dividend payouts and a share buyback. The broker has repeated its buy recommendation and 175p target.

.....Looks like Investec do Adie.

Market down 20pts...OOM up 2%.

recent good news now coming through In the price.

Among the telecoms, O2 was up 2p at 160.75p as Deutsche Bank argued there is scope for a 50 pct dividend payout ratio as early as March 2006. As for the ongoing bid speculation, Deutsche believes that as acquirers re-emerge, O2's stock should be valued at 200p.

...OOM Nice!

Telefonica moves in for O2

MoneyAM

Spanish telecom giant Telefonica said it has agreed a 17.7bn cash bid for UK mobile operator 02.

This is a move to help Telefonica expand into the UK and German markets.

Telefonica said the 200p per share offer for 02 will create cost synergies of 293m (199m) by 2008, adding that it will retain the 02 brand.

The offer represents a premium of approximately 22% over the middle market price of an O2 share on the close of October 28th, the last day before the deal was announced, the companies said.

Telefonica chairman Cesar Alierta said: '[02's] integration in the Telefonica group will enhance our growth profile, it will allow us to gain economies of scale, it will open the group to the two largest European markets with sizeable critical mass and it will balance our exposure across business and regions.'

.....Yeeees!

has anyone got an XDA Exec, need some info on it, if you have one

Hi all, could anyone tell an ameture what the next move is with this take over.
Is everyone taking the 2 a share offer, the loan notes or doing nothing for the moment? would be gratefull for any info.

Take the money.

02 to offer customers shares in 10 Billion re-float.