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Gold/Mining/Energy : Rogers Cable RCI.B

RCI 37.93

+0.5%

Jan 2 9:30 AM EST

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To: mr.tape who wrote ()	3/5/1999 11:20:00 AM
From: JJ	Read Replies (1) of 5

Globe says Rogers could win in MetroNet-AT&T deal Rogers Communications Inc RCI.B Shares issued 232,836,809 1999-03-04 close $25.3 Friday Mar 5 1999 Also MetroNet Communications Corp (MNC.B) The Globe and Mail reports in its Friday edition that Rogers Communications Inc. could be the biggest winner in the long term from the latest megamerger announced yesterday in the communications industry, analysts say. Roger's MetroNet Communications Corp. stake is now worth at least $937.5-million based on the $75-a-share floor price set in the planned merger of MetroNet and AT&T Canada Corp. And Rogers could benefit much more, once the merged firm decides on how to enter the market for residential telephone services. AT&T told analysts yesterday that it expects to settle on its residential strategy in Canada within six months. Media analyst Bob Bek of CIBC Wood Gundy Securities Inc. said Rogers is "front and centre" as AT&T puts together its plans. He said AT&T's strategy in the United States clearly positions it to acquire a cable firm in Canada and Rogers, the biggest, is the most attractive candidate. "Rogers has the most coveted residential assets, just from sheer size and demographics," said Mr. Bek. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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