mm02 to beat expectations for year 2001

Shares in mm02, Europe's fifth largest mobile phone company, rose on Friday after the company said that it expected to beat estimates of £ 410 million for its full year earning.

Shares in mm02, Europe's fifth largest mobile phone company, rose on Friday after the company said that it expected to beat estimates of £410m (€664m) for its full year earning.

The company also said that capital expenditure was to be lower than market expectations of around £ 1.3 bn (€2.1bn), so that the company would have a lower than expected debt figure for the year. Mm02, which owns Digifone, was formerly part of British Telecom Group.