mmO2 starts trading

BT's mobile telecoms OPERATION finished its first day of trading at well below pre-demerger forecasts

BT's mobile telecoms arm, mmO2, debuted at about 80p per share in its first day of full trade on 19 November, near the level established during conditional trading. At 8.30am, 35 minutes after the market opened, its shares were unchanged from the close of conditional trading last Friday at 80p, on volume of 12.9 million shares traded. The stock price is well below forecasts issued when the demerger was mooted earlier this year, but slightly above the gloomiest market forecasts which centred around 70p. Shares in BT Group, the 'rump', or business remaining after the demerger of the mobil...