TESCO TO UNITE E-COM SERVICE

CHESHUNT, England (FNS) -- Tesco plc, said last week it will combine its e-commerce operations into a new wholly owned subsidiary, tesco.com. The new subsidiary will combine both its on-line shopping service and its Internet service provider. Tesco said it is forming tesco.com in order to give it the freedom to act quickly and to place greater focus on the business.

CHESHUNT, England (FNS) -- Tesco plc, said last week it will combine its e-commerce operations into a new wholly owned subsidiary, tesco.com. The new subsidiary will combine both its on-line shopping service and its Internet service provider. Tesco said it is forming tesco.com in order to give it the freedom to act quickly and to place greater focus on the business.

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