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Technology Stocks : C-Cube

CUBE 35.52

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To: DiViT who wrote (39728)	4/9/1999 4:47:00 PM
From: John Rieman	of 50808

NDS headends and Zenith boxes............................. mediacentral.com 04-08-99 18:36 EDT Headlines Telcom Argentina forms satalite TV venture BUENOS AIRES, April 8 (Reuters) - Telecom Argentina and Sky Latin America announced Thursday they are going to launch a joint satelite television service in Argentina. The two companies will invest $120 million to establish Sky Argentina, Telecom said in a news statement. Through Telecom's Publicom subsidiary, the two companies will build a $15 million satelite television centre in Buenos Aires to develop the new service. Sky Latin America already has 614,000 subscribers in Latin America. It is a joint venture between Brazil's Organizacoes Globo media group, Mexico's Grupo Televisa, Rupert Murdoch's News Corp Ltd and TCI International Inc. . Satelite television is a relatively new arrival in Argentina, where extensive cable television networks provide the vast marjority of television programming. Telecom said the launch of this service was especially important for it because of the liberalization of the country's telecommunications that will take place after November. The company loses the monopoly it holds on fixed-line telecommunciations in the north of the country in November but in turn will be able to expand operations to the whole country.

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