C-Cube Message Board - Msg: 11109013

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Technology Stocks : C-Cube

CUBE 35.85

-1.3%

1:32 PM EST

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To: DiViT who wrote (44266)	8/30/1999 4:22:00 PM
From: JEFF K	of 50808

Could this be a Divi win waiting to happen ?-) Deutsche Telekom to Spend DM400 Mln on Cable Network Next Year Berlin, Aug. 30 (Bloomberg) -- Deutsche Telekom AG, Europe's biggest phone company, said it will spend more than 400 million deutsche marks ($214 million) upgrading its cable television network next year. Deutsche Telekom is selling majority stakes in its nine regional cable units to satisfy European Commission competition concerns. The Bonn-based company has received several bids, including ones from Deutsche Bank AG, the world's No.1 bank, and News Corp. the media company run by Rupert Murdoch. ``We are in the process of carefully studying and evaluating the documents we have received before we enter into more detailed negotiations,' said Gerd Tenzer, board member responsible for networks, at a press conference at the IfA consumer electronics fair in Berlin. Aug/30/1999 4:10 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P.

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