Printer Friendly

VODAFONE CONSORTIUM WINS GERMAN MOBILE PHONE LICENSE

 NEWBURY, England, Feb. 4 /PRNewswire/ -- The German government today announced that the E-Plus consortium, in which Vodafone Group Plc (NYSE: VOD) has a 16 percent stake, has been awarded the license to build the third German cellular telephone network.
 The E-Plus consortium will build and operate the new nationwide network to the digital GSM (Global System for Mobile) standard operating at the 1.8 percent Ghz frequency. The new network is expected to be operational in selected areas by the end of 1993.
 Commenting on the news, Gerry Whent CBE, chief executive of Vodafone Group Plc, said: "The award of the German license is a very significant addition to our overseas activities. We are now involved in building and operating mobile telephone networks in 10 different countries, which in years to come, will be the driving force behind the Vodafone Group's profit growth."
 In addition to Vodafone, the E-Plus consortium consists of: Thyssen AG 28 percent, Veba AG 28 percent, BellSouth 21 percent and Caisse de Depots 2 percent. The remaining 5 percent is held by companies from Germany's new federal states.
 -0- 2/4/93
 /CONTACT: Peter C. Harkins or Jennifer R. Wall of D.F. King & Co., Inc., 212-269-5550, for Vodafone Group/
 (VOD)


CO: Vodafone Group Plc ST: IN: TLS SU: LIC

LR-CK -- NY050 -- 2897 02/04/93 10:45 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 4, 1993
Words:223
Previous Article:RONALD F. FORTUNE PROMOTED TO CEO AT PARAMOUNT'S COMPUTER CURRICULUM
Next Article:MOUNTAINEER BANKSHARES OF W.VA., INC. ANNOUNCES COMPLETION OF MERGER
Topics:


Related Articles
VODAFONE CONSORTIUM WINS DUTCH MOBILE PHONE LICENSE
Vodafone mobilises army for Net service; Project will deliver messages and information to phones worldwide.
Orange squeezed to sweeten Vodafone deal.
Vodafone Makes World's First 3G Roaming Call.
Like Vodafone, Deutsche Telekom admits its assets are overvalued.
ictQATAR announces decision to award second fixed line license.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters