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Pan-European venture to bid for Germany's UMTS licence

By Pia Heikkila

Published: 2 May 2000 14:38 GMT

Orange, Sonera and Telefonica have formed a joint venture to compete in the auction for Germany's third generation (3G) UMTS mobile licences.

Orange and Sonera will each have a 30 per cent share in the consortium, called Group 3G, with Telefonica holding a 40 per cent share.

The auction will start at the end of July and is expected to raise around DM100bn (£29bn) for the German government.

The UK's 3G auction, which concluded last week, raised £22.5bn.

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