Business Services Industry
Brazil: Observers believe Deutsche Telekom may move into Intelig.
South American Business Information, October, 1999
Market observers believe Deutsche Telekom is the likely company to acquire the 25% stake held by Sprint into the long distance carrier Intelig. Sprint, after its merge with MCI, will have to pull out of Intelig, since MCI has a 100% control in the also long distance carrier Embratel, a position contrary to the Brazilian anti trust regulations. Alternatively, National Grid and France Telecom may firm the control into Intelig. On the other hand, as France Telecom has 25% in Sprint, it may be not able to firm the position in Intelig.
Source: Jornal do Brasil Page: 13 Date: October 7, 1999 Country: Brazil Product: Telecommunications Company: Intelig Event: Acquisitions & Mergers; Regulation; Ownership SABI (South American Business Information)...
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