BellSouth and KPN Mobile to buy E-Plus
Posted: 15-Dec-1999 [Source: TechWeb] [BellSouth details its plans to buy the number 3 German wireless carrier E-Plus for US$9.4 billion.] By Bob Wallace, InformationWeek -- "In an effort to expand its wireless international operations, BellSouth on Monday detailed plans to team with KPN Royal Dutch Telecom to acquire No. 3 German wireless carrier E-Plus for $9.4 billion.
"The U.S. carrier already held a minority stake in E-Plus.
"BellSouth and KPN will share control of E-Plus, which is estimated to have 3.5 million customers by year's end and a 20 percent share of its market. Based in Dusseldorf, E-Plus has 3,000 employees and operates a nationwide network comprising roughly 7,000 base stations.
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