BT counterbids for Airtel stake; Vodafone may win

Article Abstract:

A counteroffer has been made for Banco Santander Central Hispano's 30.5% share in Airtel SA by British Telecommunications PLC. However, Banco Santander is expected to approve Vodafone AirTouch PLC's previous bid of $7.2 billion (7.09 billion euros).

Commercial Banks, Commercial Banking, Telecommunications, Telephone Communication, Spain, Banking industry, British Telecommunications PLC, Banco Santander Central Hispano S.A., Airtel S.A.

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Germany awaits Mannesmann trial

Article Abstract:

Former board members of Mannesmann AG, including Deutsche Bank Chief Executive Josef Ackermann, are put on trial for failing to ensure shareholder rights in rewarding former company executives with large bonuses when it was sold to Vodafone PLC.

Legal issues & crime, Germany, Legal/Government Regulation, Company legal issue, Cases, Company acquisition/merger, Communications industry, Mannesmann AG, Vodafone Group PLC, Wireless telecommunications service, Ackermann, Josef

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Vodafone AirTouch gets two bids for Infostrada

Article Abstract:

Wind SpA and Albacom SpA have both filed offers for Infostrada SpA, Vodafone AirTouch PLC's Italian Internet and fixed-line telephony unit, but Vodafone may continue with its scheduled flotation if the bids are not improved.

Italy, Infostrada S.p.A., Wind Telecommuniczioni S.p.A., Albacom S.p.A.

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