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SEAT PAGINE GIALLE TAKES CONTROL OF TELEMONTECARLO

News, 09 August 2000


Italian yellow-pages and internet business Seat Pagine Gialle has acquired a controlling 75% stake in Monaco’s TeleMonteCarlo TV network. The price agreed is 750 billion lire ($351.5 million or €387.3 million), payable in instalments.

SPG is itself in process of being acquired by Telecom Italia.

News source: Wall Street Journal