In the attached slides, we examine the service revenue growth trends in the top five European mobile markets (UK, Germany, France, Italy and Spain) over the last six quarters (ending in the June 2006 quarter), focusing particularly on the latest trends. The analysis is based on the published results of the mobile operators, although we have had to make estimates where the operators have not reported recent figures (only Virgin Mobile), or their data is not complete or inconsistent. A copy of the underlying data in spreadsheet format is available to our subscription clients on request.
A merger would not be a panacea for either company and carries the risk of distracting them from more urgent issues, but closer collaboration, if well managed, could help both
Closer collaboration could help NTL address some of the issues of scale now facing Flextech and improve its ability to acquire premium content, whilst helping ITV to develop a more coherent new media strategy