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Gaffney says investment-grade European telecoms and utilities were trading at junk-bond prices.
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Neil Barton, telecom analyst in London, covering BT and European telecom stocks
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European telecom valuations are among the lowest out of any region.
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European telecom operators face particular challenges at their home markets.
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European telecom operators face particular challenges in their home markets.
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A full merger would have created a group ranking fourth among European telecoms firms.
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European telecoms have been slashing rates for a few years.
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Examining Europe European telecoms took a beating during the recession.
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Another competitor is cable TV operator HOT, a subsidiary of European telecoms group Altice.
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Chris McFadden, replaced Barton in 1995, covering European telecom stocks
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Three UK is the biggest of Li's European telecoms assets by sales and customers.
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The moves underlines the group's ambitions to become a force in the European telecoms market.
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It is seen as a central player in any consolidation of the European telecoms infrastructure market.
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European telecoms will dial up more deals Investors have brightened as M&A has swept the sector.
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It is seen as a key player in a potential consolidation of the European telecoms infrastructure market.
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European telecoms carriers must broaden their revenue base to offset the slide in voice income, analysts said.
