Tuesday, May 22, 2007

European Telephone Stocks, Deutsche Telekom Rise; Glaxo, Novartis Decline

(Bloomberg) -- European telecommunications stocks
rose, led by Deutsche Telekom AG on speculation the region's
largest phone company may spin off its U.S. business.

Deutsche Telekom gained the most in three months. Tele2 AB
rallied to a four-week high as Morgan Stanley said the Swedish
telecommunications provider was the ``best restructuring story.''


Read more at Bloomberg Stocks News

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