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Industry: Email Alert RSS FeedBellSouth - News in Brief - Brief Article
CommunicationsWeek International, April 1, 2002
BellSouth and KPN closed their agreement to swap BellSouth's 22.51% stake in German mobile phone operator E-Plus for 9.42% of KPN, which BellSouth subsequently sold off as part of their ongoing strategy to draw back investments from Europe. The Dutch incumbent posted a net loss of [epsilon]7.495 billion for 2001, compared to a profit of [epsilon]1.874 billion the preceding year.
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The loss is the biggest in Dutch corporate history.
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