AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
(From FT Investor (Pulses))
If MobilCom [s :DE:662241] were to go bankrupt, it would be a positive for the other mobile phone carriers in the German market, Merrill Lynch claimed. MobilCom was rescued from insolvency in September by a [euro]400m ($391m) government-sponsored bailout after France Telecom , its partner and financier, said it would stop funding the German group's liquidity needs. A MobilCom demise would create some interim downside for Deutsche Telekom subsidiary, T-Mobile , Vodafone and KPN , but one fewer competitor would ultimately be positive, Merrill argues. MMO2 [s :UK:OOM] would also be a beneficiary, Merrill suggests, as the company currently does not have resale subscribers on its German network and may well be able to pick up incremental subscribers if they depart ...