While in the short-term it sounds sensible in terms of going into the U.S. and so on, there must be some serious concerns about PacifiCorp.

We expect the white flags to fly over Madrid and Helsinki in the next two to three days. ... The auction will possibly raise about $35.5 billion, that's just around the U.K. figure. It may just top that.

Cable & Wireless owns a fairly eclectic bunch of assets which no single buyer is likely to want.

You would expect such earnings from a dominant player but what's of interest is how the company moves forward following the collapse of merger talks with KPN, ... The question is, will they seek an alliance with BT (British Telecommunications), which is keen on expanding services in Latin America.

There are some shareholders who want BT to hold on to Wireless because they feel the company could lose revenue that a combined company can enjoy, ... I expect the sale to go ahead. BT has called an analysts meeting for September 5 to outline its plans for BT Wireless.

France Telecom has to reassure the markets that it didn't overpay for Orange and show investors it is serious about reducing its debt.

The fixed line business we value at north of £20 billion, but any break-up must consider how BT's remaining assets should be broken up, ... That in itself is a major stumbling block.