The Midas touch
“UNFAIR,” cried European officials this week when an American senator, Ernest Hollings, a Democrat from South Carolina, proposed to block Deutsche Telekom's bid for VoiceStream. Mr Hollings thinks it is not in America's national interest to have its telecoms firms bought up by foreign rivals that are more than 25%-owned by their governments. Deutsche Telekom is 58%-owned by the German government.
This article appeared in the Business section of the print edition under the headline “The Midas touch”
From the July 29th 2000 edition
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