Yes, the future really is bright
Telecommunications
January 21, 1999 at 09:30 AM
6 minute read
The audacious bid by Vodafone, the UK's largest mobile phone operator, for US mobile operator AirTouch has sent telecommunications shares surging.
If the $62bn (£37.5bn) deal goes ahead, Vodafone AirTouch will become the world's largest mobile phone company and larger than BT by market capitalisation.
Telecoms was already the top-performing sector on the London Stock Exchange in 1998, with share prices almost doubling – and City tipsters predict that telecoms stocks will again out-perform the market in 1999.
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