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The Internet Analyst News - Italian ADRs: Holding Off the German Invasion
Business Wire, August 3, 1999
NEW YORK--(BUSINESS WIRE)--Aug. 3, 1999--
By way of a strange twist of events, German companies are connecting nearly as many Italians to the Internet as Italian firms. As part of Olivetti is takeover of Telecom Italia, Olivetti was forced to sell Infostrada, and the buyer was Germany's Mannesmann. Then, just two weeks ago, Germany's uber-ISP Cybernet, bought Flashnet, Italy's second largest service provider behind Telecom Italia's TIN. Additionally, Germany's Deutsche Telecom is part owner of Wind, another leading ISP. But the Italian's aren't out of the ballgame just yet. There are over 1,000 ISPs in the country and while dwarfed in customers by the aforementioned companies, most of them are Italian.
To find out more about Telecom Italia and Olivetti, two top global picks, read the complete story in The Internet Analyst at:
http://www.theinternetanalyst.com/individual/990729sections/globalindex.html
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