telefonica deutschland will launch capital hike of 3.7 billion euros to finance that operation. s parent company telefonica will subscribe to most of its 2.8 billion euros. that being said, in a statement, telefonica is confident, it says this operation will not change its debt target of 47 billion euros, which is already a huge level. the stock is trading higher. the market seems to be believe it is a strategic acquisition. >> definitely. thank you so much for running us through all the activity that is happening in the telecoe space this morning. >>> still to come on the show, with telecom dominating in europe, we get a check on activity in the u.s. with pricewaterhousecoopers coming up at 11:20 cet. >>> mitsubishi will likely post a 7% gain in the second quarter of 2013. but are sales still stuck in the slow lane? we have the story live from tokyo. >> mitsubishi motors is expected to post a profit of 160 millioned for tmillion in the quarter ending in june. it helped improve margins on exports which lifted profit by more than $100 million. but its new car sales declined in the