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Spain delays UMTS decision
Posted: 10-Mar-2000 [Source: Financial Times]

[The decision for Spain's UMTS license awards will be delayed until after the general election this weekend.]

By Ben Hunt -- "The Spanish government said on Friday it was delaying its decision over the awarding of four universal mobile telecommunications (UMTS) licences.

"It had been expected that the winners of the race for the licences would be announced on Friday. The Spanish Public Works Ministry said, however, that the ministerial committee responsible had yet to reach a decision. The ministry added that deliberations over the licences would continue after this weekend's general election, and that no new deadlne had been set for a decision.

"Reports on Friday morning that the Xfera consortium had won a licence sent shares in French media group Vivendi, a shareholder in the group, up by more than 6 per cent at one point. However, following news of the delay, they fell back to E141.5, up 2.54% on the day.

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