Smooth operator; Olivetti pulls off Telecom Italia coup, but trouble looms

Article Abstract:

Olivetti's takeover of Telecom Italia SpA is expected to have implications for all of Europe. After Telecom Italia was taken over, its major stockholders defected. Olivetti will pay $33.3 billion for a 51.9% share of Telecom Italia. By taking over the biggest telecommunications firm in Italy, Olivetti is sending the message that the old way of doing business in Europe is no longer viable. The implications for the telecommunications industry, in which a small group of competitors is emerging to challenge big telecommunications carriers, are serious.

Italy, Europe, Market information - general, Office & Computing Machines, Office equipment, Office equipment and supplies industry, Office equipment industry, Telecom Italia S.p.A., Olivetti S.p.A.

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Primus to buy some assets of Telegroup

Article Abstract:

Primus Telecommunications Group Inc. has reached an agreement to acquire some of Telegroup Inc.'s retail assets. Primus is purchasing the assets for approximately $72 million (69.1 million euros) in cash and debt securities. The deal will lead to an improvement in Primus' revenues by approximately $150 million a year. The deal will also increase the company's retail customer base by 350,000.

Comment:

Primus to acquire some of Telegroup's retail assets for approx $72 million

Wired Telecommunications Carriers, Long Distance Telephone Svc, Long distance telephone services, Abstract, Electronic components industry, Primus Telecommunications Group Inc., Telegroup Inc. (Herndon, Virginia)

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Dimension Data expects to prevail in Proxicom fight

Article Abstract:

Dimension Data Holdings PLC expects to win in the bidding competition for Proxicom Inc. Dimension expects to win over Compaq Computer Corp.'s lower cash bid of $5.75 per share. Dimension has offered to acquire Proxicom for $7.50 per share.

Electronic computers, Foreign operations, COMMUNICATION, South Africa, Compaq Computer Corp., CPQ, proxicom Inc. (San Diego, California), PRXM, Dimension Data Holdings PLC

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