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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
E-Plus (operator)
E-Plus was a mobile telecommunications operator in Germany. With more than 25 million subscribers, E-Plus was the third largest mobile operator in Germany, until the takeover from Telefónica Germany in October, 2014. Ownership E-Plus was owned by Dutch telecommunications operator KPN since 2002. In July 2013, Telefónica Germany announced a planned takeover. The deal was approved by KPN shareholders in October 2013. The merger was delayed because of concerns by the European Commission on reduced competition in the German mobile market. In July 2014, the European Commission approved the merger, conditional on E-Plus giving up some frequencies and network capacity. Network First GSM license The company was awarded Germany's first DCS-1800 (later renamed GSM-1800, also known as E-Netz ( de; ''lit. E-Network'') in Germany) license in 1993. One term of the licence was that no further Mobile network operator could be started within 3 years of the start of the network. The n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |