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Europe Daily Bulletin No. 7970

23 May 2001
Contents Publication in full By article 47 / 59
ECONOMIC INTERPENETRATION / (eu) telecommunications

FRANCE TELECOM and DEUTSCHE TELEKOM will sell their joint stakes of a little less than 20% (9.9% for the French and as much for the Germans) that they hold in SPRINT FON, the fixed line telephony business of the American SPRINT via a public tender offering. The value of this stake is around USD 1.9 billion. The setting of the price and the date for the send off of the placement should arise "end May or beginning June".

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION