Telekom fell 2.82 per cent amid concerns that talks between MCI WorldCom and Sprint could prevent the German group from breaking into the US market. Telekom holds a 10 per cent stake in Sprint and it is thought it could build on this to seek a takeover of the company.
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GERMAN SHARES fell more than 2 per cent, weighed down by losses in Deutsche Telekom as concerns mounted about its global aspirations from merger talks between two US rivals. The DAX-30 fell 2.30 per cent to 5,119.10.