European Investments
Ameritech became the largest U.S. investor in European telecom last week when it invested $3.2 billion to acquire a 42% stake in Tele Danmark, Denmark's national carrier.
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Tele Danmark's market share has dropped from 95% to 80% since the country deregulated its telecom industry one year ago. But the market is far from mature, as evidenced by exploding growth in fax lines and second phone lines for Internet access, said Richard Notebaert, chairman and chief executive officer of Ameritech.
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