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Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?


To: Doug (Htfd,CT) who wrote (2294)8/11/2000 10:45:50 AM
From: Tom_  Read Replies (1) | Respond to of 3770
 
TYC & Telefonica Joint Venture

Friday August 11, 10:37 am Eastern Time
EU clears Telefonica, Tyco joint venture
BRUSSELS, Aug 11 (Reuters) - The European Commission said on Friday it had cleared plans by Telefonica Internacional SA, owned by the Telefonica group, and Tyco International Ltd (NYSE:TYC - news) to set up a joint venture, Telefonica SAm SA.
``The venture will build, operate and market an undersea fibre-optic cable ring around South America called SAm-1. It will have no impact on competition in Europe,'' the Commission said in a statement.

Best wishes,
Tom