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“The former banker helped us with the financial plans, figuring out how much we could afford to bid in the auction. We concluded that we could certainly bid USD 45 million for a 20-year license in Hungary. Swedish Telecom was very confident, their CEO had said in radio interviews that he thought that 1 in 4 people would have a mobile phone by the year 2000. This was overly optimistic according to the other consortium partners. They were more conservative and we had difficulty persuading them to put up more money” — Ineke Botter
The former banker helped us with the financial plans, figuring out how much we could afford to bid in the auction. We concluded that we could certainly bid USD 45 million for a 20-year license in Hungary. Swedish Telecom was very confident, their CEO had said in radio interviews that he thought that 1 in 4 people would have a mobile phone by the year 2000. This was overly optimistic according to the other consortium partners. They were more conservative and we had difficulty persuading them to put up more money