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London is the capital of digital Europe – official

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It's official. London is the wired capital of Europe. More than a quarter of the 250 international companies that have invested in London are in the hi-tech industry, creating 15,000 in the capital, according to the inward investment agency London First Centre. "London offers one of the most technologically-advanced infrastructures in the world and is Europe's Digital Capital," said London First Centre's CEO, Stephen O'Brien. "Two thirds of London businesses have an Internet site (shouldn't that be Web site? Ed) proportionately far more than in the US, Canada, Germany or Japan," he said. US Internet Service Provider Globix Corporation -- which reported revenues of $5.93 million for its fourth quarter last year -- is the latest company to set up in central London investing £5 million and creating 100 new jobs in a new venture. Marc Bell, president and CEO of Globix, said: "London was chosen as the launchpad for expansion into Europe, not only because it is a world-wide business hub…but also because it has a business-friendly environment and a competitive telecommunications infrastructure." ®

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