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(Frankfurt Stock Exchange.) Had a nice run up over the last couple of months. Wouldn’t be his favourite in the area, primarily because their 2 main businesses are Europe and US (through their investment in T Mobile), which has been losing customers to AT&T (T-N) and Verizon (VZ-N). Have to do some things to restructure their business to take advantage of the US market. Europe is pretty challenging from a regulatory perspective.