EuNetworks

European telco / EuNetworks: Newswire say, China Mobile is preparing to award European telco equipment suppliers a third of a huge project to roll out high-speed wireless data service across the company's network. That project is among the biggest equipment supply opportunities to hit the global market in years. It would mean at least hundreds of millions in added revenue for Ericsson, Alcatel-Lucent and Nokia Siemens Networks, the three major European companies. Reportedly, the deal is worth US$7b in equipment sales in 2013 alone, much of it on 4G "base stations," the devices that help broadcast mobile phone signals. The three European companies will each receive 11% of the deal. While, the people familiar with the matter cautioned that the decision isn't final and must still be finalized by Chinese authorities, if successful, it could possibly lead to positive spillover sentiment in SGX-listed EuNetworks, a bandwidth infrastructure provider, which owns and operates fibre based metropolitan networks across European cities. Meanwhile, the broader macro recovery in Europe paints a positive backdrop for companies with European exposure. Notable institutional investors in EuNetworks include: - GKG Investments (of GK Goh fame), 12.4% - Columbia Eun Partners, 9.0% - Mackenzie Financial Corp, 9.0% - Fortress Partners, 8.4% The stock recently underwent a 50-into-1 share consolidation.