TELECOMMUNICATIONS: GERMAN GOVERNMENT AUTHORISED TO KEEP UMTS PROCEEDS.

Germany's Constitutional Court authorised the Government on March 28 to retain all of the Euro 50.8 billion secured in August 2000 from the sale of UMTS third-generation mobile telephony licences, thus rejecting an appeal from several German L?nder. The Government was awaiting the judgement with some trepidation since a decision against it would have had serious consequences for its budget in what is already a difficult general context for public finances in the country. The L?nder...