Mobilcom AG (Research discontinued)

Synopsis

MobilCom is a German telecommunications company whose fixed-line network is among the most modern backbone infrastructures in Europe. It entered the 3G race in 2000 with the support of France Telecom, but the latter’s own financial problems resulted in it ceasing to fund mobilcom’s 3G activities and, after much acrimony, France Telecom agreed to take over the €7.1 billion debt associated with the 3G activities, and for mobilcom to sell those operations. With its balance sheet now in order, mobilcom is restructuring its operations around its core mobile business. A company analysis of the events leading to the 3G shutdown was updated in November 2002.

Table of Contents

• 1. Synopsis
• 2. Company information
  • 2.1 Year 2002 results
    • 2.1.1 Financial results
    • 2.1.2 Operating results – 2003
  • 2.2 Company history to 2002
• 3. Company analysis – updated November 2002
  • 3.1 France Telecom funding threatened
  • 3.2 Government bailout of Mobilcom
  • 3.3 3G freeze
  • 3.4 Agreement on 3G and core businesses reached
  • 3.5 Stability may follow
  • 3.6 Subsequent events – July 2003
• 4. Company structure
  • 4.1 Major Subsidiaries – December 2002
    • 4.1.1 MobilCom Communicationstechnik (MCC)(100%)
    • 4.1.2 Cellway Kommunikationsdienste (100%)
    • 4.1.3 MobilCom Multimedia (100%)
    • 4.1.4 MobilCom Content Design
    • 4.1.5 MobilCom City LINE
    • 4.1.6 01019 Telefondienste
    • 4.1.7 TelePassport (discontinued)
    • 4.1.8 topnet EDV und Datenkommunikation
    • 4.1.9 freenet.de (76% held)
    • 4.1.10 ComTech group
  • 4.2 3G activities (terminated)
• 5. Other developments
  • 5.1 Year 2002
  • 5.2 Year 2003
• 6. Contact details

• Table 1 – Revenue for years ending December – 1996-2002
• Table 2 – Revenue by segment – 2002
• Table 3 – Operating statistics – 2002
• Table 4 – MobilCom subsidiaries – December 2002

• Exhibit 1 – Mobilcom at a glance