British Telecommunications Plc and Viag AG yesterday duly revealed details of their alliance to win a slice of the $30,000m a year German market, forming a joint venture, Viag InterKom KG in which each will hold 37.5%. The venture will require an upfront investment of at least $1,000m, and would demand considerably more if the venture finally wins a full telecommunications operator’s licence in Germany. We believe the telecommunications market in Germany will be larger than the German car market, Viag board director Maximilian Ardelt said, saying he expects it to account for 7% of Germany’s gross domestic product long term: Details – page seven
