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Europe Daily Bulletin No. 7920

21 June 2001
Contents Publication in full By article 34 / 42
ECONOMIC INTERPENETRATION / (eu) telecommunications

The Swedish firm ERICSSON has sold ERICSSON ENTERPRISE, its product-sales subsidiary, to APAX PARTNERS FUNDS for $480 million. It will retain 20% of the share of the joint subsidiary to emerge from the operation, called ENTERPRISE SOLUTIONS. "The goal of the alliance is to become the world leader in integrated voice and data services and products systems" says ERICSSON.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION