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Europe Daily Bulletin No. 7785

26 August 2000
Contents Publication in full By article 25 / 28
ECONOMIC INTERPENETRATION / (eu) internet

American group VERIZON COMMUNICATIONS has acquired another US firm NORTHPOINT, an Internet rapid access operator via DSL (Digital Subscriber Loops) technology. The new undertaking, NORTHPOINT, will be held at 55% by VERIZON and at 45% by the current NORTHPOINT shareholders. The operation is estimated at $2.33 billion.