Operator result - 17/9/05

Bouygues Telecom (France) reported 1H05 results. Net profit rose 39% to € 384m, on sales up 6% to € 2.2bn.

Portugal Telecom reports 2Q05 results: profit fell 33% to €259m, while sales rose 5% to €3bn.

Google is preparing a cash pile of several billions dollars. Recently it sold 14m shares and raised  more than $4bn, giving it more than $7bn cash available. For what purpose? Fund R&D expenses as Google is targeting to enter wireless telephony and VOIP, but also perhaps to make some acquisitions.