NEWS mmO2, the recently demerged mobile arm of BT, has fallen below its flotation price over concern in the market about the valuations of mobile companies. Shares in mmO2 closed at 68p in trading yesterday, well below the 74p price in last November's flotation. They opened slightly higher in today's trading but were still below 70p. The shares traded as high as 96p last November but have been on a downward trend since the start of January.
mmO2 falls below flotation price
Going down...
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