mmO2 boss hints at German acquisition

19 May 2004

mmO2 helmsman Peter Erskine has hinted that his company could be interested in making a bid for KPN’s German mobile business, E-Plus. The move follows KPN’s failed attempt to acquire mmO2 earlier this year. According to Erskine, strong growth at O2 Germany makes a bid for E-Plus ‘more of an option than a year ago’. During the year to 31 March 2004 O2 Germany reported a 24% rise in customers, on the back its Genion promotion which offers customers cut priced tariffs when they use their mobiles at home.