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The telecommunications venture will set up an Asian mobile network covering India, China and South Korea.
They are also partners in Cellcom, an Israeli telecommunications venture, that is not expected to be affected.
His woes are, in turn, casting doubt on the prospects for Teledesic, the satellite telecommunications venture backed by Craig McCaw, the cellular telephone entrepreneur.
Still, that transaction could face resistance from European regulators because of Qwest's stake in KPNQwest Telecom, a European telecommunications venture formed with Royal KPN Telecom of the Netherlands.
The senator also scrutinized the Federal Communications Commission's decision to grant a crucial waiver to LightSquared, the wireless telecommunications venture backed by the billionaire hedge fund manager Philip A. Falcone.
The way for a deal with MMO2 was cleared in May, when DoCoMo sold back its 20percentt stake in 3 UK, the Hutchison Telecommunications venture that introduced advanced mobile networks in Europe.
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Mr. Kluge, 87, subsequently concentrated on filmmaking, restaurant and telecommunications ventures.
Metromedia, which is based in East Rutherford, N.J., owns telecommunications ventures in Eastern Europe and the former Soviet Union and manufactures Snapper power lawn and garden equipment.
But AirTouch worried him, because it owned 35percentt of the D-2 network and was a partner in most other Mannesmann telecommunications ventures.
Bankers are closely tracking the Manville financing to gauge whether investors are willing to finance transactions other than telecommunications ventures, which have dominated the leveraged financing market in recent months.
What Slim is putting a lot of energy into these days is new telecommunications ventures.
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Justyna Jupowicz-Kozak
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