Will Oskar drop down as Mannessmann?

Article Abstract:

Cesky Mobil (CM) (Prague, Czech Republic), mobile operator, may exchange its owner. Telesystem International Wireless (TIW) (Canada), which backs CM, could sell CM if it does not get over its financial problems. Vodafone (UK), which has absorbed Mannesmann (Germany), number two on the German mobile telephone market, could be an investor interested in CM. CM's chief does not agree with the speculations, he does not see any reason for the sale of CM by TIW. CM, which operates the mobile network Oskar, won 302,000 clients from its setting up in 1Q 2000 till the end of 2000. The firm plans to have nearly 700,000 clients by the end of 2001. CM saw an operating loss of over CEK 4 bil in 2000. CM's profits should be similar as its costs in 2001. In 2002 the firm expects a profit.

Czech Republic, Cesky Mobile Networks

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Western Europe Private Sale: Telekom Austria

Article Abstract:

Post und Telekom Austria's sale of an over-25% stake in Telekom Austria has proven to be Austria's largest privatization deal. The sale was started in late 1997 and completed in October 1998. Telecom Italia and Ameritech competed neck-and-neck for the stake, but Telecom Italia, bidding on behalf of STET International Netherlands, the Italian company's Dutch unit, won with a bid of $2.33 billion.

Italy, United States, Austria, Acquisitions & mergers, Government domestic functions, Wired Telecommunications Carriers, Telephone Communications, Telephone communications, exc. radio, Telecommunications services industry, Investments, Economic policy, Telephone services, Securities, Privatization, Privatization (Business), Telekom Austria, Telecom Italia S.p.A., AIT, Ameritech Corp.

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