TELECOMMUNICATIONS: MONACO, UMTS PIONEER IN EUROPE.
The project is actually still drawing on the experience with the "happy few" scheme. "At present, we are carrying out tests with about a dozen clients. We will have about fifty by the end of the first half of 2002 and as many companies by then", said Antoine Veran, Chief Executive of Monaco Telecom. With 55% of the company owned by Vivendi Universal and 45% by the State of Monaco, the company judged these initial steps sufficiently promising to get Prince Rainier and Vivendi Chairman, Jean-Marie Messier, to inaugurate the initiative at a special ceremony on December 13.Monaco Telecom's UMTS network is the result of a...
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