STUTTGART, Germany-Debitel AG, which is 74-percent owned by Swisscom, reported robust 1999 earnings, and international press reports said it is in talks with potential partners for third-generation license bids.
U.S.-based SBC Communications Inc. and Japan’s NTT are both reported to be interested in taking a stake in Debitel, a German reseller of mobile phone services. Such a partnership could boost the company’s plans to acquire a Universal Mobile Telecommunications System license in Germany.
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Debitel’s revenues rose 34 percent in 1999 and net income grew 42 percent. The company has 4.7 million subscribers, with 3.1 million in Germany.
