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Europe Daily Bulletin No. 8790

22 September 2004
Contents Publication in full By article 35 / 42
ECONOMIC INTERPENETRATION / (eu) telecommunications

French equipment manufacturer ALCATEL will be buying up the shares of the small US company SPATIAL WIRELESS for USD 250 million. This company employs a workforce of 225 and has a turnover of "several millions of dollars". ALCATEL will soon be selling off its electricity supply activities to US investment fund RIPPLEWOOD. Subsidiaries that will be affected have a total turnover of "around EUR 220 million per year " and have a workforce of 1300 in 16 countries.

Contents

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