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BUSINESS
March 26, 1997
STET Group, owner of Italy's biggest phone company, has invested $35 million in Silicon Valley firms recently and is looking to invest more. The parent company of Telecom Italia is tapping the region's expertise in creating Internet content to boost the number of hours Italians spend online. So far, Steam USA, STET's San Francisco-based venture capital arm, has bought minority stakes in Net service provider Concentric Network Corp. and 3-D software animation firm Protozoa Inc.
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BUSINESS
March 26, 1997
STET Group, owner of Italy's biggest phone company, has invested $35 million in Silicon Valley firms recently and is looking to invest more. The parent company of Telecom Italia is tapping the region's expertise in creating Internet content to boost the number of hours Italians spend online. So far, Steam USA, STET's San Francisco-based venture capital arm, has bought minority stakes in Net service provider Concentric Network Corp. and 3-D software animation firm Protozoa Inc.
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BUSINESS
December 28, 1995
Russia Insists Telecom Deal Off: The deal under which state-controlled Italian holding company Stet was to take a quarter of Russian telecommunications company Svyazinvest is definitely off, the Russian Privatization Center said. However, a Stet spokeswoman in Rome said the deal was not dead. Officials of the Russian agency were unavailable for comment.
BUSINESS
December 28, 1995
Russia Insists Telecom Deal Off: The deal under which state-controlled Italian holding company Stet was to take a quarter of Russian telecommunications company Svyazinvest is definitely off, the Russian Privatization Center said. However, a Stet spokeswoman in Rome said the deal was not dead. Officials of the Russian agency were unavailable for comment.
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