The Italian operator TELECOM ITALIA concluded an agreement for the sale of 80% in ITALTEL (turnover close to USD 1 billion in 2000 with a workforce of 2,800 people), a telecommunications equipment supplier, to a group of investors lead by CLAYTON, DUBILIER & RICE and the American CISCO SYSTEMS for a total of EUR 800 million. Furthermore, TELECOM ITALIA has concluded an strategic alliance with CISCO SYSTEMS in the field of Internet and its applications. The two groups co-operate for the...