Takeover Bid Sparks Mobile Phone Group

Daily PostFebruary 25, 2004

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Summary


SHARES in mobile phone group mmO2 surged sharply yesterday as investors eyed the prospect of a pounds 10bn-plus takeover of the former BT Cellnet arm.

The moves will be watched with interest by hundreds of staff at mm02's call centre at Preston Brook,near Warrington.

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Extract


Takeover Bid Sparks Mobile Phone Group

The shares rise, which added pounds 1.4bn to the company's market value, was sparked by news that mmO2 had received and rebuffed an approa...

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