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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

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Nov 11 3:59 PM EST

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To: foundation who wrote (32945)	2/28/2003 3:28:09 PM
From: foundation	Read Replies (2) of 196608

MobilCom trying to sell UMTS licence for one euro 28/02/2003 Editor: Jens Cornelissen Even though German mobile operator MobilCom is asking only one euro for its UMTS licence, the company cannot find a single buyer. Over the last few weeks, the struggling telco has unsuccessfully attempted to flog its licence to every major European telco and even to some US companies. In a last minute attempt, Asian companies such as NTT DoCoMo will be contacted about the tempting offer. The licence, which was bought by MobilCom in the summer of 2000 for around E8bn, includes a commitment to build up the UMTS network in Germany. The estimated cost of doing so - some E15bn - is too much for any telco at the moment. According to reports, only two companies asked for further details of the offer. MobilCom is not the first company to pull out of its licensing agreement: Orange Sweden pulled out of the UMTS market in Sweden and Telefonica has also cancelled its joint venture with Sonear in Germany. Across Europe the build-up of the new UMTS networks has been significantly delayed, with most countries not expected to have a functioning network before 2004. europemedia.net

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