The race is on for a majority stake in Retevision, Spain?s second telecomms carrier after Telefonica. Retevision has become more attractive since Telefonica walked out of its relationship with services consortium Unisource to join BT and MCI?s Concert initiative three weeks ago.
AT&T-led Unisource was expected to bid for the 60 per cent stake in Retevision but lost interest, according to reports in Spanish newspapers. Instead AT&T is bidding with Germany?s Mannesmann AG, while the other groups in the running are Stet of Italy with Spanish electricity supplier Endesa and Union Fenosa; plus a group made up of Europe's other telecomms services alliance, Global One (Deutsche Telekom, France Telecom and Sprint) with Banco Central Hispano.
12 May is the deadline for the groups to submit their changes to Retevision.
Concert's collaboration with Telefonica has aroused envy among many European operators. The market in Spanish-speaking Latin America is currently valued at $36 billion and is expected to almost double to $60 billion by the turn of the century.
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