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Image header Agence Europe
Europe Daily Bulletin No. 8397
Contents Publication in full By article 25 / 39
GENERAL NEWS / (eu) eu/competition

Intracom and Siemens get green light to jointly control Siemens Tele Industry

Brussels, 10/02/2003 (Agence Europe) - The European Commission has approved the acquisition by Greek telecom equipment maker Intracom SA of a 41-percent stake in rival company Siemens Tele Industry (STI), which is currently controlled by Germany's Siemens AG. Under the terms of the agreement Intracom and Siemens will have joint control of the company. The proposed operation creates overlaps and leads to high market shares in Greece in several markets for telecommunications equipment....

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