Telekom drops bid for mobile phone group 02

16th August 2005, Comments 0 comments

16 August 2005, BONN/BERLIN - Europe's biggest phone group, Deutsche Telekom AG, said Tuesday that it was abandoning any plans to take over British-owned mobile phone group, 02 PLC.

16 August 2005

BONN/BERLIN - Europe's biggest phone group, Deutsche Telekom AG, said Tuesday that it was abandoning any plans to take over British-owned mobile phone group, 02 PLC.

Announcing that it would not be pursuing any moves to acquire 02, the Bonn-based telecoms giant said it was also pulling out of talks with Dutch phone group KPN NV to launch a joint bid to buy 02's German operations.

KPN also confirmed in a statement that it was not interested in buying 02, which according to industry sources both Telekom and the Dutch group had wanted to break up.

Meanwhile a survey released Monday shows that the boom in Germany's mobile phone business is continuing and underscores the industry's market potential in Europe's biggest economy.

The country's four leading mobile phone operators - T-Mobile, Vodafone, E-Plus and O2 - added a combined 1.68 million new users during the second quarter with data prepared by the companies showing the number of subscribers standing at 74.1 million at the end of June.

However, a survey, drawn up by the market research group, Marplan, found that 30 per cent of Germans did not own a mobile phone.

The survey also underscores that in terms of mobile phone ownership, Germany lies behind the European market leaders of Scandinavia, Austria and Italy.

The numbers not owning a mobile phone in Germany were particularly high among older people, the survey found.

While 93 per cent of people aged between 14 and 34 owned a mobile phone, only 31 per cent of those aged over 65 operated cell phones.

The survey also found a direct link between those with mobile phone ownership and those who have attained higher educational qualifications.

While 85 per cent of those with university qualifications or university entry certificates owned a mobile phone, 55 per cent of those with only basic secondary school qualifications had a mobile phone.

DPA

Subject: German news

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