will iliad pursue bouygues telecom? vodafone.for the eu expected to agree its bid for ono today. >> thumbs-up from the eu area that is what we are expecting on that 7.2 billion euro offer for the cable operator in spain. vodafone flush with cash after portited that u.s. data that it did hold over in the united states. they have a lot of money that they can put towards deals. it looks as though they are going to be able to expand more in spain. they are gaining some 2% market share. they will have 27% in total. 2 billion euros in savings. this is important. companies such as vodafone are struggling to have a square peg with a round hole. they have to invest. they have to expend on infrastructure. you and i download more and more in terms of data on our mobile phones. they have to invest in infrastructure. meanwhile, sales are falling. we also have the eu pushing for a cut. a cut in roaming charges when you and i travel abroad. it costs us half the price now to access data. that eats into their revenue streams. how do you invest wh

speculation that orange could be buying bouygues telecom. today, they said they could not pursue the operation that would lead to consolidation. so who might be next in the cards? telecom has not been wanted to be bought by iliad because iliad is not offering enough money yet, but all the shares are falling this morning. >> there is still cross-border consolidation happening within the telecom sector here in europe. >> you are right. today, we are expecting a thumbs-up to come from the eu in terms of allowing the 7.2 vodafoneuro bid for for ono. we understand there will be no problems in a regulatory issue for these two combine. the eu has been pushing for a drawing down of market barriers in the telecom space. the head of the digital agenda has been saying, look, we want a single telecoms market. we do not want roaming charges. tuesday, they slashed roaming charges by half. when you and i go to france, spain, italy, our roaming charges should be half the price if we are accessing data. it should be 20% off if we are making calls. that is a

telecoms market. it said right now conditions just aren't right. orange, bouygues and iliad are going to try to bring to the talks right now. down across 3% and 4% across the board. on the top side, alcatel lucent which says this morning after jpmorgan raised its rating on the stock from neutral to overweight. taking a look at the foreign exchange markets this morning, muted reaction from the data. remember the new orders rose in that data. also the employment hounding the level. i wonder whether the inflation department being more muted reinforced yellen's message longer. right now, we've got euro/dollar consolidating. the momentum seems to be towards the top side but, of course, the risk as draghi leads on strength into the trading session. point out sterling, also, 17150 the level. it seems that we do have construction and services pmi tomorrow. unlike europe, the asian session taking their cue from what we saw on wall street earlier. sri. >> that's right, julia. risk appetite alive and kicking here in this region. the asci asia index ex japan at a three-year hi