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News Odds & Sods

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  • 02-12-2004 11:22am
    #1
    dahamsta
    Banned (with Prison Access) Posts: 16,659 ✭✭✭✭


    http://beecher.ie/pheed/?dbfdmx

    The Irish Independent says that mobile operator Meteor has ruled out any imminent deal with Eircom in terms of the incumbent's re-entry into the mobile market. "We're miles away from reaching any agreement with Eircom. I would say it's unlikely at this stage when you interpret the offers that they have made to us," Meteor's new chief executive, Robert Haulbrook, told the newspaper.

    The paper also reports that brokerage firm Smith Barney has increased its target price for Eircom shares to EUR1.89, based largely on cost-cutting initiatives as well as an increasing mix of more defensive access revenues driven by growth in broadband. The broker, which is owned by Citigroup, has also reiterated its buy recommendation on the stock.


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    #2
    jwt
    Registered Users Posts: 849 ✭✭✭jwt


    dahamsta wrote:
    an increasing mix of more defensive access revenues driven by growth in broadband.

    Or in other words broadband has forced them to derive profits from other areas as broadband reduced their call charge profit from dialup?

    Line rent perhaps?

    John


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