Word: voicestream
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Dates: during 2000-2000
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...heat is turning up now because Sommer has turned his affections toward VoiceStream Wireless, reportedly offering $53 billion in stock and cash for the Bellevue, Wash., firm. That works out to a pricey $20,000 per customer, high enough to send DT's stock plunging 9% last week. Still, VoiceStream may be worth it. "To fulfill its global ambitions, Deutsche Telekom needs a stable position in the U.S. market," says analyst Holger Grawe at German bank WestLB, adding that the supply of U.S. companies is limited. DT reportedly hired a Washington law firm last week to lobby Congress. Sommer...
With 3 million customers, VoiceStream is the largest U.S. wireless service that uses the same GSM standard as European phone companies, making it easier for DT to deliver integrated global services like Internet access on mobile phones. But that won't make it much easier for U.S. customers to roam the globe. While the standard is the same, the frequency isn't. You'll need a dual-band phone, or else you'll have to take the chip out of your phone and put it in a European one to make calls from overseas...