A Dutch Treat in Wireless, The Telecomm Analyst-SM- News.
NEW YORK--(BUSINESS WIRE)--May 18, 2000
The race for Europe is on, and the Netherlands --- though small --- is determined not to be left behind. Royal KPN NV (NYSE-KPN), successor to the state-owned Dutch telephone company, has made it clear that it wants to be among the Top 3 finishers when it comes to wireless, the Internet and data networks.
Indeed, only days after breaking off merger negotiations with Spain's Telefonica (NYSE-TEF), KPN announced the sale of a 15% stake in its soon-to-be spun-off mobile unit, KPN Mobile, to NTT Docomo (NTDMY) of Japan.
Vodafone Airtouch PLC (NYSE-VOD) was ordered by European antitrust regulators to sell Orange to gain approval for its purchase of Germany's Mannesmann.
E-Plus, which had 3.5 million subscribers at the end of last year, was purchased for about $8.4 billion with the help of Bellsouth (NYSE-BLS), which owns the remaining 22.5% of E-Plus.
KPN has already established a separately quoted company --- KPN Qwest (Nasdaq-KQIP) --- to go after the data transmission business throughout Europe by building an 11,800 mile fiber-optic network connecting 46 cities throughout Europe.
To find out more about the Dutch Telecommunications industry, read the article in Multex.com's The Telecomm Analyst(SM), http://www.telecommanalyst.com/individual/000516sections/companypicks.html
Royal KPN NV (NYSE-KPN) http://www.multexinvestor.com/af001215/tickersearch.asp?Ticker=kpn
Telefonica (NYSE-TEF) http://www.multexinvestor.com/af001215/tickersearch.asp?Ticker=tef
Vodafone Airtouch PLC (NYSE-VOD) http://www.multexinvestor.com/af001215/tickersearch.asp?Ticker=vod
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|Date:||May 18, 2000|
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