Tele Danmark to invest in Softbank ISP subsidiaries
Danish telecom operator TeleDanmark will hold exclusive negotiations with
IT company Softbank regarding an investment in Softbank's Internet Service
Provider (ISP) subsidiaries. Tele Danmark would acquire a stake in
Net2Net, which will administer the five ISP's, MultiNet, Pick Net, Polska
Online, IDE, and Polbox. Softbank management hopes that if talks prove
successful, the transaction will be finalized before the first quarter of
2001. Softbank ISPs provide services for some 11,000 companies.
TeleDanmark holds around 20% in Polkomtel, operator of the Plus GSM
network. According to unconfirmed information, the partnership of the
Danish operator with Softbank would allow the latter to provide wireless
Internet access. (Prawo i Gospodarka, p.5) J.K.
