The two firms will become independent publicly traded companies in 2015. The move follows pressure from investor Carl Icahn to spin off the payments ...
European Internet use will grow 54% this year and online spending will double to $69 billion, says The eEurope Report from researcher eMarketer.
A new eEurope Report from New York-based researchers eMarketer forecasts 108 million Europeans will be active Internet users by the end of this year, a 54% increase from the 70 million online recorded in 2000. The report projects 255 million Europeans will actively be online by 2004. The eEurope Report says that European e-commerce will generate $69 billion by 2001, an increase of 103% from the $34 billion recorded last year. That figure is expected to rise to $980 billion by 2004.
"The European online community reflects a moderate slowdown in the global economy from the past few high-growth years," said Nevin Cohen, eMarketer senior analyst. "However, if the US faces a more serious-than-expected recession this year, Internet penetration in Europe is likely to proceed much more slowly, particularly in large portions of the region with nascent market economies. The rapid expansion of e-commerce activity depends on increased investment in information technology, steadily increasing internet access, and public policies to make e-business more secure and appealing."
The eEurope Report also reports that by 2003, Europe will account for the highest number of worldwide wireless web users