The Apple iPhone will finally be available in the UK on 9th November, sold exclusively through Apple, O2 and Carphone Warehouse, and costing a hefty £269 when bought with a minimum £35 a month 18 month contract

This report presents our analysis of Neuf Cegetel alongside that of close rival Iliad (which trades under the Free brand). Neuf and Iliad are France’s two leading unbundlers, are both quoted on the Euronext exchange and, since Neuf’s IPO in November 2006, have been assessed largely in parallel by investors. We anticipate Neuf's Investor Day on 12th September will provide analysts with greater detail on Neuf’s strategy to improve by 2010 its profitability to the level enjoyed by Iliad.

Carphone Warehouse is seeking to position itself as an impartial guide to the broadband products from 6 different brands, although it is not selling the product sets of BT, Sky or Tiscali

H3G’s revenue growth has slowed significantly, with H1 revenue flat on the previous half, driven by steady churn and a reduced investment in customer acquisition

The loss of Sky basic channels, strong competition and a maturing broadband market have combined to weaken Virgin Media’s top line results sufficiently to cause cash flow to decline

Virgin Media has recently upped its mobile prices both within the ‘quad-play’ and on the Virgin Mobile standard prepay product

Growth in revenue and EBITDA was adequate but a nasty surge in capex hit cash flow

Swisscom's recent acquisition of 82% of Fastweb, among the largest altnets in Europe, provides the context for a much-needed strategic review. Fastweb is the principal competitor to Telecom Italia in the supply of telecoms services to business and residential customers, delivered mainly over its own network, which developed through local loop unbundling. Fastweb's has a sterling reputation with customers (in relation to TI's generally poor one). In this context, further network expansion should top Swisscom's review agenda, as well as Fastweb's IPTV offer, which has not proved to be a commercial success

The distribution business was slightly weak despite good like-for-like store sales, due to the lower quality ‘off-the-page’ newspaper advertisement business being successfully cut back by the mobile operators

The release of FY 2007 results on 27th July 2007 confirmed the strong performance of Sky and the success of its multi-product and service strategy over the past year, as reported in its trading update of 11th July