If the ardent wish of Deutsche Telekom AG and France Telecom to acquire strategic stakes in Sprint Corp, they are going to want to get shot of their big investments in El Segundo, California-based Infonet Services Corp, and have taken steps to effect the divestment – by selling their shares to the other seven holders. France Telecom Transpac and Deutsche Telekom will sell off their shares in two phases: on August 1, they will cut their stakes to match those of the other investors more closely, and all nine shareholders will then own about the same amount of equity in Infonet. They other seven are Telstra Corp, Belgacom NV, Kokusai Denshin Denwa Co Ltd, Koninklijke PTT Nederland NV, Telefonica de Espana SA, Telia AB and the Swiss PTT. The second transaction, where France Telecom and Deutsche Telekom will divest the rest of their holdings will occur when the French and Germans receive regulatory approval to buy into Sprint, at which time, the seven remaining Infonet shareholders will again increase their stakes in the company by buying the shares.
