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E Plus Mobilfunk

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October 5, 1999 | Bloomberg News
France Telecom, Europe's second-largest phone company, agreed to buy a 17.24% stake in German wireless company E-Plus Mobilfunk for $1.86 billion in cash to gain a foothold in Europe's biggest market. France Telecom bought the stake from Vodafone AirTouch and will seek to buy the rest of the company from its three other shareholders. E-Plus, Germany's third-largest mobile company, with 3 million subscribers, is owned by German utilities Veba and RWE, which together hold a 60.
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BUSINESS
October 5, 1999 | Bloomberg News
France Telecom, Europe's second-largest phone company, agreed to buy a 17.24% stake in German wireless company E-Plus Mobilfunk for $1.86 billion in cash to gain a foothold in Europe's biggest market. France Telecom bought the stake from Vodafone AirTouch and will seek to buy the rest of the company from its three other shareholders. E-Plus, Germany's third-largest mobile company, with 3 million subscribers, is owned by German utilities Veba and RWE, which together hold a 60.
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