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Sonera and Telefonica Switch Off in Germany
Posted: 26-Jul-2002 [Source: BWCS]

[Telecommunication companies redefine strategies due to current market conditions and lack of available UMTS handsets.]

"Sonera of Finland and Spain's Telefonica are to close their mobile joint venture in Germany after just seven months in operation and are to scale back their plans for European 3G services. The German MVNO, Group 3G/Quam, launched GSM/GPRS services towards the end of last year and had attracted almost 200,000 customers by the end of June. In a statement accompanying Sonera's first-half financial results, the telco's CEO, Harri Koponen, said of Group 3G: "The company's current business strategy is no longer feasible."

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