Saturday 07 August 1999
The judge has ruled that when the Government dishes out the next round of third generation mobile licences, new entrants will not have a mandatory right to piggyback on the networks of existing operators at preferential rates.
This means that ministers will now have to rethink their plans for auctioning off the licences. Although, it will result in a delay in the process, it should save One2One and the other mobile operators money and reassure them that the Government cannot fiddle with their licences willy-nilly in future.
That said, having bought One2One on the rebound from Telecom Italia, the Germans have certainly set a test for the bottomless pit that is Deutsche's balance sheet. There is a reason One2One is the UK's fourth biggest operator out of four. Of all the networks, it has been the slowest to exploit the business market. And although it is slowly overcoming the legacy of all those subscribers who signed up for unlimited free calls in the early days, it now has the largest proportion of pre-pay customers, who could turn into tomorrow's albatross around the neck.
Deutsche is still paying telephone numbers to get a slice of the UK's mobile action. But the price is a 30 per cent discount to that commanded by Orange and a far cry from the pounds 11bn that One2One was optimistically put on the block for back in March.
How Mr Sommer plans to close the value gap with Orange and Vodafone Airtouch will be one of the more interesting questions to pose at Monday's press conference in the ballroom of the Dorchester. Get your One2One bath towels down early to avoid disappointment.
- 1 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 2 Mystery man who gave mum heart-warming note on train 'wanted to put a smile on her face'
- 3 Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
- 4 Mafia's wall of silence broken: Victim of Cosa Nostra's extortion rackets in its Corleone heartland co-operates with authorities for the first time ever
- 5 Amal Clooney gives excellent answer to fashion question at European Court of Human Rights
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
9 reasons Greece's experiment with the radical left is doomed to failure
iJobs Money & Business
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...
£16500 - £16640 per annum: Recruitment Genius: This fast growing Finance compa...