Financial Mirror (Cyprus) - - FRONT PAGE -

Telecom wars:

trades in Greece. Both mar­kets were an­tic­i­pat­ing an­other strong im­prove­ment in first nine month re­sults, with Mor­gan Stan­ley ex­pected to is­sue a new stock re­port.



The French re­tail gi­ant and its Greek ven­ture-part­ner, Car­refour Marinopou­los, have al­ready con­cluded a deal for the six-store chain of Chris Cash and Carry and are look­ing for prime prop­er­ties in Ni­cosia, which ac­counts for 40% of the re­tail sec­tor. Ru­mours sug­gest talks with the Sha­co­las Group for a 5,000 sq.m. store in the new Sha­co­las Park mall where IKEA (via Greek Fourlis) has al­ready ex­pressed an in­ter­est to open up shop.

Telecom new­comer Cablenet

is ex­pand­ing from its cable TV busi­ness and launches its broad­band In­ter­net ser­vice with speeds up to 4Mbps, while very soon it said it will ven­ture into the tele­phony mar­ket. On the other hand, Cy­ta­mo­bile has launched the Voda­fone Live! ser­vice to lure sub­scribers to new fea­tures such as news, sports and en­ter­tain­ment.

HB road­show:

Ma­jor in­vestors are keen to at­tract new buy­ers for Hel­lenic Bank shares where the Church still con­trols some 16%, while BOC and Laiki have 8.5% and 8%, re­spec­tively, and Uni­ver­sal Life a fur­ther 5.5%. New in­vestors will also help raise cap­i­tal and re­move the stran­gle­hold by the ri­val banks, ac­cord­ing to in­vestors.

Cyprus was ranked mid-way among Euro­pean states in the lat­est Trans­parency In­ter­na­tional cor­rup­tion per­cep­tions in­dex (CPI), ranked 37th, stuck be­tween Slove­nia and Hun­gary.


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