German UMTS auction prompts Mobilcom, Group 3G financings

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German UMTS auction prompts Mobilcom, Group 3G financings

August 18, 2000 12:00 AM

WITH GERMANY’S UMTS auction having ended yesterday (Thursday), several of the six winners are looking to raise funds from the loan market to finance the purchase of the licences. The companies have to pay Eu8.5bn within 10 days.

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