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Mannesmann takes Omnitel and Infostrada

Mannesmann has now the acquisition of Omnitel and Infostrada completed. To the German company has bought all Olivetti announced as investments for 7.6 billion euros (15 billion dollars). Mannesmann now holds a share of 55 percent of Omnitel and Infostrada to 100 percent.

Omnitel is Europe’s second largest mobile operator with more than seven million customers. Infostrada, with more than 2 million customers of the leading alternative fixed line operator in Italy. Mannesmann has since its inception in 1994, participated in Omnitel and acquired a share in 1997 Infostrada.

Possible the very large entry of Mannesmann in the telephone business through the successful takeover of Telecom Italia by Olivetti was the partner (ZDNet reported in detail).

Contact: Mannesmann, Tel: 0211/8200

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