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Strategies & Market Trends : Sharck Soup
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To: Dave Gore who wrote (26166)6/6/2001 10:14:53 AM
From: Dave Gore   of 37746
 
FYI - (COMTEX) A: MFNX Inks Supplier Deal with Deutsche Telekom
A: MFNX Inks Supplier Deal with Deutsche Telekom

Boston, Jun 06, 2001 (Midnight Trader via COMTEX) -- Metromedia Fiber Network
(MFNX) is up sharply this morning on 12,100 Instinet shares after announcing a
deal to supply Deutsche Telekom (DT) with optical infrastructure, as well as
operations, administration and maintenance services. The 20-year lease agreement
will enable DT to expand its worldwide network platform connecting major cities
in Europe, North America and Asia. MFNX will connect DT's backbone from New York
to Washington, D.C. and throughout the regions' metro areas. DT is flat at 21 on
light Instinet volume.

Price: 5.40, Change: +0.75, Percent Change: +16.1%
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