Vodafone-Airtouch (NYSE: VOD) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Vodafone-Airtouch (NYSE: VOD)

VOD 13.47

+0.1%

Jan 16 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MrGreenJeans who wrote (2886)	7/1/2000 2:38:35 PM
From: MrGreenJeans	Read Replies (1) of 3175

Germany sticks to planned UMTS licences auction (UPDATE: Updates with background, detail paragraphs 6-8) BERLIN, June 30 (Reuters) - The German government said on Friday it was sticking to plans to auction between four and six domestic UMTS third generation mobile phone licences after a newspaper reported it was considering reducing the number. The Financial Times earlier reported, without citing sources, that Germany was considering cutting the number of licences in next month's auction amid concern consolidation in the telecoms industry would cut the proceeds from the auction. A German Finance Ministry spokesman said the government had not changed its plans to auction between four and six licences and expected proceeds of around 20 billion marks ($9.80 billion) from the auction. The sale could generate more than this, however, the spokesman added. The number of contenders for German UMTS licences has fallen from an inital 12 to eight and analysts say this is linked to the recent sell-off in telecoms stocks. Licences for the UMTS (Univeral Mobile Telecommunications Standard) will allow operators to provide video and fast Internet services via mobile phones and other wireless gadgets. Spain's Telefonica and Finnish Sonera are bidding for a licence together in a consortium. Germany's Mannesmann Mobilfunk, a unit of Vodafone AirTouch Plc (quote from Yahoo! UK & Ireland: VOD.L) and Deutsche Telekom's T-Mobil division are regarded as leading contenders to win licences.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next