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Technology Stocks : Vodafone-Airtouch (NYSE: VOD) -- Ignore unavailable to you. Want to Upgrade?


To: MrGreenJeans who wrote (2986)10/6/2000 7:53:20 AM
From: MrGreenJeans  Read Replies (1) | Respond to of 3175
 
COM) 06/10/00 09:07: ENEL, France Telecom reportedly to announce Infostrada buy Monday, Tuesday


ENEL, France Telecom reportedly to announce Infostrada buy Monday, Tuesday
MILAN (AFX) - ENEL SpA and France Telecom are expected to announce on Monday
or Tuesday the purchase of the Italian fixed line operator Infostrada SpA from
the Vodafone AirTouch group, the daily La Repubblica said.
ENEL will buy the bulk of Infostrada's capital, it added.
After the purchase, Infostrada will be transferred to ENEL and France
Telecom's joint venture Wind Telecomunicazioni SpA. At a later stage, Wind and
Infostrada will merge and keep Wind's name.
ENEL and France Telecom intend to float 30-40 pct of Wind. The operation
could be achieved in April, the daily said, citing a source close to the talks.
pw/cmr