Finland's Wireless Fast Track Thanks in large measure to mobile handset pacesetter Nokia, this small nation, about the size of Montana with a population of some 5 million people, is where the rest of the world looks for wireless guidance. But so far no one is willing to put it together. Printer friendly version.
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A U.S. investment authority has approved Deutsche Telekom's acquisition of U.S. communications companies VoiceStream Wireless and Powertel, removing the last regulatory hurdle to the deal, Deutsche Telekom said Tuesday. The announcement comes a week after the US Federal Communications Commission voted 4-0 to approve Deutsche Telekom's takeover of VoiceStream Wireless and Powertel. One final obstacle, however, could block the acquisition. Unless it manages to boost the price by the end of May, the deal will not be considered a sure thing. Since the deal was unveiled last July, Deutsche Telekom's board had to contend with stiff U.S. political opposition, largely targeting the German government's majority stake in the company.