Schmidt sees his MobilCom stake reduced

10 Sep 2003

Gerhard Schmidt, the founder and former chairman of troubled German telco MobilCom, has seen his 42.42% stake in the company pared down to 17.3% after being forced to hand over his shares as security to creditor banks. The change in ownership makes France Télécom the biggest MobilCom stakeholder with 28.5%.

Germany