Mr. Michael Dunning

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  www.cellular-news.com/story/32589.php - [Cached Version]
  Published on: 7/23/2008    Last Visited: 7/23/2008  

  However, the share buy-back is a manageable percentage of Vodafone's pre-dividend free cash flow guidance range of GBP5.1bn-GBP5.6bn for 2008/9," says Michael Dunning of Fitch's TMT group.

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  www.cellular-news.com/story/32387.php - [Cached Version]
  Last Visited: 7/14/2008  

  "A key issue for Vodafone is the growth of mobile broadband in western Europe over the next three years," says Michael Dunning, Head of Fitch's TMT group in London.

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  www.cellular-news.com/story/39286.php - [Cached Version]
  Last Visited: 8/26/2009  

  "The recession has brought into stark relief that fact that certain markets in Europe have too many operators and that in-market consolidation is needed, particularly in the mobile sector," says Michael Dunning, managing director of Fitch's TMT group in London.

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  www.globaltelecomsbusiness.com/default.asp?page=1&hID=2 - [Cached Version]
  Published on: 9/4/2007    Last Visited: 9/4/2007  

  Mike Dunning, Managing Director, TMT, Fitch Ratings

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  sifybroadband.techwhack.com/628/vodafone-hutch-2/ - [Cached Version]
  Published on: 2/14/2007    Last Visited: 9/15/2007  

  Michael Dunning of Fitch Ratings spoke about Vodafone: "Vodafone's portfolio of emerging markets assets is a strong one and will offset slowing growth in its western European markets."

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  www.cellular-news.com/story/23133.php - [Cached Version]
  Last Visited: 4/13/2007  

  "Despite the efforts of the European Union regulators to provide a uniform framework the pace of competition varies significantly from country to country," says Mike Dunning, Managing Director at Fitch's Telecoms team."This is largely due to factors such as political involvement as well as the sanctioning power of the local regulator."
  
  The report reviews the current trends in telecommunications regulation in the European Union and their likely impact on the credit risk profiles of the operators in selected countries.In the report Fitch identifies the importance of next generation network ("NGN") investment over the next five years, in particular the potential for this investment to change the shape of the "access" networks across Europe.
  
  "Regulators still have a lot of work to do to define and enforce evolving regulatory obligations as a result of this NGN investment, as many alternative telecommunications operators have to date based their operations on regulated wholesale access to the incumbents' network," adds Mr. Dunning.

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  www.markizcom.com/Arab%20Advisors/Arab%20Advisors%20Feb - [Cached Version]
  Published on: 2/1/2007    Last Visited: 5/8/2007  

  § Mr. Michael Dunning, Managing Director, Fitch Ratings

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  Arab Adivsors Group: Fourth Media and... - [Cached Version]
  Published on: 2/5/2006    Last Visited: 1/12/2008  

  Mr. Michael Dunning
  ...
  Mr. Michael DunningManaging DirectorFitch Ratings
  
  Mike Dunning is a managing director at Fitch Ratings responsible for Fitch's European Telecoms, Media, and Technology (TMT) team.The TMT sector covers a number of subsectors: telecoms (wireless and fixed-line), published media, broadcasting, entertainment, advertising, cable television, and technology.
  
  Prior to joining Fitch in 2005, Mike was active in the global TMT sector for 15 years, primarily in corporate and investment banking and most recently as Global Head of TMT at Fortis Bank. Mike has a BA Hons degree in business administration.

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  Arab Adivsors Group: Fourth Media and... - [Cached Version]
  Published on: 2/5/2006    Last Visited: 1/12/2008  

  Mr. Michael Dunning, Managing Director, Fitch Ratings

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  Fitch Corporate - [Cached Version]
  Published on: 4/7/2005    Last Visited: 8/18/2006  

  Shareholders are looking for renewed growth, and this is leading to LBO and M&A activity, which Fitch sees as a contributing factor to rising leverage ratios across EMEA," says Michael Dunning, Head of Fitch's EMEA TMT sector.
  ...
  Contact: Raymond Hill, London, Tel: +44 (0)20 7417 4207; Mike Dunning, +44 (0)20 7417 6343.

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