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Yahoo pushes into Germany
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March 11, 1999: 9:08 a.m. ET
Internet competition intensifies as Deutsche Telekom fights charges
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LONDON (CNNfn) - Yahoo and German telecom giant Mannesmann have teamed up Thursday in the latest attempt to break Deutsche Telekom's stranglehold on the country's Internet access market.
Yahoo (YHOO) and Mannesmann's Arcor subsidiary announced a deal Thursday giving users an additional Internet service provider (ISP) in the fast-growing German market. The companies plan to avoid monthly fees and charge only for local calls on Mannesmann's (FMMN) network
Deutsche Telekom (FDTE), which controls more than half of the German ISP market, faces an investigation by the European Commission and domestic competition officials over allegations that it is inflating charges to the six million Internet customers in Germany. The case was brought by AOL (AOL) and Bertelsmann , the number two and three ISPs in Germany, both of whom lease phone lines from Telekom.
Mannesmann has not revealed any targets for market share but claims Yahoo is the top-rated portal in the German-speaking world and said the new service would also be aimed at German speakers outside Germany.
In Frankfurt Mannesmann shares strengthened slightly to 118.5 euros, and in pre-trade in New York Yahoo stock jumped almost 3 percent to $173.
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Yahoo
Mannesmann Arcor
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