Versatel faces lawsuit

1 Dec 2005

A group representing minority shareholders of Netherlands-based telco Versatel are considering legal action against the company following its takeover by Swedish firm Tele2. The group, which includes investors such as Amber Capital Management, Centaurus Capital and Mellon Alternative Strategies, is unhappy that Tele2 has replaced the entire board of Versatel with its own representatives. Minority shareholders are asking for at least two representatives with no connection to Tele2 to be added to the board. Tele2 acquired its 74% stake in Versatel for EUR1.34 billion earlier this year, having failed in its initial bid to buy up more than 95% of the company.

Netherlands,Tele2 NL (part of T-Mobile Netherlands),



Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.