MobilCom files for bankruptcy protection

France Telecom’s huge losses – and resulting resignation of its top man – have sent shockwaves through the European telecoms industry and claimed a big victim. The casualty is German mobile phone company MobilCom – which has now confirmed it is filing for insolvency. Now German Chancellor Gerhard Schroder is said to be lobbying Paris in an attempt to make sure MobilCom does not collapse.