shares at a portugal telecom have -- the deal is valued at 7.4 billion euros. they suspended trading of the shares on friday, asking for more clarification on how these sale would affect investors there is are questions as to whether it would affect a proposed merger between portugal telecom and a brazilian carrier. a company will by its american rival for $5.2 billion. they specialize in drugs for rare medical conditions. this is after shire abandoned a $55 billion merger deal with the u.s. firm last year. and a committee in france began examining a controversial proposal. it would allow stores to open up on sundays. and to open up to more competition. in national assembly is set to debate the bill at the end of the month. changing gears -- the golden globes took place in hollywood on sunday. series posted by online streaming services with the hit of the night. amazon's's.'s "transparent" -- amazon's series "transparent" won top honors along with netflix's "house of cards." more and more people are turning online to watch those kinds of shows rather than more

telecom shareholders have said, yes, portugal telecom is allowed to be sold by oi to alticve. ce is getting its hands on portuguese assets today. that means there's more money to be spent in brazil. that's why telecom italia is moving higher. oi manages to get rid of its portuguese assets and has cashed a splash in the brazilian market. what can it buy? [indiscernible] i apologize for my pronunciation. it is a key player in brazil and it is owned by telecom italia. a lot of wheeling and dealing. brazilian m&a in telecom is helping telefonica. altice getting a boost as it gets its hands on some portuguese assets and telefonica cashing in on the u.k. back to you. >> ok, from telecom stocks to our top stories at bloomberg. saudi arabia's king abdullah has died. he was 90 and had been suffering from pneumonia. his half-brother salman will succeed him on the throne of the world's biggest oil exporter. oil prices jumped after the announcement of abdullah's death. china's manufacturing gauge recovered from january suggesting that stimulus measures have helped stabilize the economy. th

the sale unmarks the unwinding of portugal telecom and oi. to talk more about the future of the industry julia is live in davos with a special guest. it seems like further consolidation is in the cards. >> absolutely. let's pick up on that exact issue. thank you for speaking to us this morning. seema mentioned the consolidation in the ministry. you call it an inflection point. talk to me about it. >> what we see right now is that the whole broadband is expanding into different industries and the potential of growth is just emerging and then of course you do take strategic choices and consolation can be won. we decide to drop mobile phones. we have to take choices because this is so huge and the inflection point is actually happening right now. >> it's quite costly in the short-term but there's a longer term benefit as far as your business is concerned. >> it depends on what you want to do. but sudden they can offer services like health care services, it's choices again that you did to do. assets are multiplying. >> you seem to be busy here bu