Phone market is opening up for Europeans
Article Abstract:
The Jan 1, 1998 deregulation of the European telecommunications industry promises to unleash a year or two of fierce competition. Local, long distance and international markets will all open to competition at the same time, and European rates run two to three times what they are in the US, factors that promise to make the European deregulation even more jarring than that in the US. Local service seems likely to remain in the hands of monopolies for the short term. In contrast, the relative ease of creating long distance and international networks from the ground up promises dramatic upheaval. Deregulation will be complicated because governments may own part of the monopolies and may seek to protect their interests. A common strategy among European carriers planning to attack the new markets consists of building a team consisting of a telecommunications carrier and a powerful local entity, often a railroad or utility company, then offering a full complement of wireless, business and residential services.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
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A battle for the ears of Europe; Olivetti bid heralds new opportunities
Article Abstract:
Three European telecommunications companies have seen share prices rise over the last two quarters. Deutsche Telekom has risen from less than 25 euros last November to 41.8 euros per share. Telecom Italia is up from a low near 5 to almost 10 euros per share. France Telecom was trading around 70 last fall; it is now at 90 euros per share. The $58 bil bid by Olivetti for Telecom Italia may further shake up these former national phone companies, as their managements work to preserve market share. Mannesmann is another contender for European dominence. It may get a toe-hold in the Italian market, if the Olivetti sells cellular phone assets to raise cash for its bid for TI.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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