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Europe Daily Bulletin No. 8663

11 March 2004
Contents Publication in full By article 30 / 42
ECONOMIC INTERPENETRATION / (eu) telecommunications

Spanish company TELEFONICA has reached an agreement with US company BELSOUTH for buying the latter's operations in around ten wireless-based companies in Latin America. The total value of USD 5.85 bn is being discussed for a price of the assets, including debt. One this deal is concluded, TELEFONICA MOVILES, subsidiary of TELEFONICA's mobile phone business, will have a total of 62.5 million customers including 41 million in Latin America, where the company will become the main mobile phone...

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