European shares inch up

PARIS, Dec 3 (Reuters): European stocks rose in early trading on Wednesday, with Nordic telecom operators Telenor and TeliaSonera rallying after agreeing to merge their Danish operations.

Shares in Telenor rose 2.3 per cent while TeliaSonera added 1.5 per cent after unveiling their join-venture deal. The companies hope to save 800 million Danish crowns ($133 million) annually in efficiency gains.

At 0808 GMT, the FTSEurofirst 300 index of top European shares was up 0.3 per cent at 1,396.05 points.

Share on Google Plus

About Jessica Hornberger

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.