Electrowatt forced to sell phone arm

Electrowatt forced to sell phone arm
Roy Rubenstein Electrowatt is to sell its payphone and smartcard activities to Texas Pacific Group and a group of Swiss investors. Included in the sale is payphone supplier Landis & Gyr Communications. The sale has been enforced on Electrowatt by European antitrust authorities as a condition for its takeover by Siemens.


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