Lex: European telecoms (FT.com)

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Lex: European telecoms (FT.com)

FT.com - The wedding bells are ringing again. On Thursday, the end of Cesky Telecom's search for a Prince Charming came into sight, with Spain's Telefonica in the lead. O2 is a perennial bride-to-be, although at current valuation levels, it is tempting to treat licentious rumours surrounding the UK mobile operator as an April Fool's day joke.

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