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Europe Daily Bulletin No. 7714

11 May 2000
Contents Publication in full By article 48 / 58
ECONOMIC INTERPENETRATION / (eu) internet

NTT COMMUNICATIONS (Japanese group NIPPON TELEGRAPH AND TELEPHONE) has announced the acquisition of the American Internet company VERIO INC (turnover $258 million in 1999) for the sum of $5.5 billion. In concrete terms, the Japanese firm will acquire 90% of VERIO of which it already holds 10% of the shares, at the price of $60 per share.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION