Stronger telecoms on M&A boost help European shares
* FTSEurofirst 300 up 0.3 pct after previous day's rebound
* Altice surges 11 pct on Suddenlink bid, Vodafone also gains
* UBS gets lift after forex probe settlement, fine
* Burberry shares slide on guidance cut
By Atul Prakash and Lionel Laurent
LONDON, May 20 (Reuters) - European shares edged higher on Wednesday, extending the previous session's gains, with the telecoms sector getting a big lift from deal-making and takeover talk.
The pan-European FTSEurofirst 300 index was up 0.3 percent at 1,610.88 points at 1408 GMT, holding on to gains driven on Tuesday by speculation the European Central Bank's bond-buying plan could be rolled out more aggressively than expected.
French telecoms group Altice surged 11 percent after it agreed to buy Suddenlink in a $9.1 billion deal to enter the fast-growing U.S. cable sector. Altice's French rivals Orange and Bouygues fell about 1.5 percent.
"The whole of U.S. cable is a turnaround story. (Altice's) USP is doing turnarounds with leverage. Not without risk, but the value potential is very high," Gary Paulin, founding Partner of Aviate Global, said. Continuación...