Orange shares soar 9.8% on forecast of sharp rise in sales over 5 years

Article Abstract:

Orange PLC, a UK-based mobile phone operator, saw its shares soared 9.8% after it predicted that strong consumer demand will lift sales sharply over the next five years. The firm, a competitor of British mobile carriers One-to-One, Cellnet and Vodafone, posted a subscriber growth of 20% for the year ended May 30, 1998. Its market penetration is expected to improve by over 50% by 2004 compared with 16% currently. The company serves some 1.35 million subscribers, or around 15% of the total UK market of 9.2 million.

Comment:

Sees its shares soar 9.8% after it predicts that strong consumer demand will lift sales sharply over the next 5 years

Strategy & planning, Cellular and Other Wireless Telecommunications, Mobile Radio Services, Wireless communications services, Orange PLC, Article

G-7 endorses foregiveness of debt for poor nations, differs on how

Article Abstract:

The Group of 7 global economic summit have decided to foregive billions of dollars in third world debt, however have not been able to, as yet, decide on how. Up to 100 percent of debt will be foregiven by the World Bank, international banks and the International Monetary Fund.

Government expenditures, Developing Countries, Conferences, meetings and seminars, Extinguishment of debts, Debt cancellation, Economic policy, Group of 7

Marconi's shares plunge after S&P downgrades debt

Article Abstract:

Marconi PLC saw its share value drop after Standard and Poor's (S&P) downgraded the company's debt rating. Marconi was downgraded to junk bond status by S&P.

Telephone and telegraph apparatus, Telephone Apparatus Manufacturing, Financial analysis, Telephone & Telegraph Eqp NEC, Evaluation, Telecommunications equipment industry, Telecommunications systems, Debt, Powers and duties, Standard & Poor's Corp., Telent PLC