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Article: Their own markets saturated, big telecom companies look eastward
- Article from:
- AP Worldstream
- Article date:
- April 13, 2005
- Author:
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ANDREA DUDIKOVA, Associated Press Writer
AP Worldstream
04-13-2005
Dateline: BRATISLAVA, Slovakia
Having tapped out markets on their home turf, European telecommunications companies are aggressively exploring a new frontier: Eastern Europe.
Tuesday's signing of a euro2.76 billion (US$3.58 billion) deal between the Czech government and Spain's Telefonica SA for 51.1 percent of Cesky Telecom illustrates where companies are looking for new customers. Analysts say there is more room for investors than in saturated Western markets, with huge growth potential as long as expectations are realistic.
Another case is British telecom Vodafone Group PLC, which said last month it would acquire two cell ...