Reuters scoop sends Mobistar shares to two-year high

Reuters was alone in reporting buyout firms Blackstone and KKR eyeing up Mobistar, sending shares in Belgium`s second largest mobile operator up more than 6 percent. The source of persistent speculation since majority owner France Telecom launched a wholesale review of its operations, Mobistar shares reached their highest level since February 2009, valuing the business at more than 3.4 billion euros. Following the May 10 exclusive, Reuters reporters received calls from the investment community seeking more information. The next day a number of broker notes on Mobistar and the European telecoms market emerged, with Citi directly referencing Reuters story.