The French subsidiary of Italian telecom holding and privatization candidate STET SpA may well announce initiatives in multimedia services in the coming weeks, says Carlo Mezzanotte, director of new business development for STET International and managing director of STET France. Noting that both cable television and digital satellite television, two important multimedia environments, are growing rapidly in France, he said: In Italy, we are prevented from doing TV, but I don’t exclude that. In the next few months we will start making contacts via Stream about getting into multimedia in France. Stream is a joint venture multimedia service provider between STET (75%) and Telecom Italia (25%). Mezzanotte added that such initiatives may be undertaken without STET’s French partner Bouygues SA. As CEO for STET France, I am charged with looking for business opportunities here and, if Bouygues is not interested in seizing them together, we will do it on our own. Bouygues, Mezzanotte says, has so far not expressed any interest in multimedia.