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EC expands MobilCom probe.(Global Wireless)

RCR Wireless News

| July 14, 2003 | COPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The European Commission widened its inquiry proceedings into German company MobilCom, specifically looking at $157 million in loans paid to MobilCom, covered by guarantees issued by the German federal government and the Land of Schleswig-Holstein. The loan guarantees are now to be extended to the end of 2007.

The German government said it would be possible to replace the loans covered by the guarantees out of the company's operating profits only by 2007, rather than the original …

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Source: HighBeam Research, EC expands MobilCom probe.(Global Wireless)

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