Telecom's alliance approved

THE European Commission has approved Telecom Eireann's strategic alliance proposals

THE European Commission has approved Telecom Eireann's strategic alliance proposals. The Minister for Transport, Energy and Communications Mr Dukes announced the decision from Brussels yesterday. Under the alliance plan, Comsource, a consortium of KPN of The Netherlands and Telia of Sweden, is to pay at least £183 million for an initial 15 per cent stake, with an option to buy a further 20 per cent.

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