MobilCom to sell 3G network cheap

6 May 2003

Troubled German telco MobilCom is reportedly close to selling its 3G network to E-Plus, the German subsidiary of Dutch operator KPN, for as little as EUR20 million. However, the deal would be dependent on E-Plus dropping its roaming agreement dispute against the seller, which, if followed through, could cost MobilCom as much as EUR600 million.