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Technology Stocks : UCOMA UnitedGlobalCom

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To: TraderXx who started this subject	7/16/2000 12:36:13 PM
From: Xenogenetic	of 489

Austar implementing wireless broadband cable: biz.yahoo.com Monday July 10, 1:05 pm Eastern Time ADC to bring wireless cable to Australia MINNEAPOLIS, July 10 (Reuters) - Telecommunications equipment provider ADC Telecommunications Inc. (NasdaqNM:ADCT - news) said on Monday it formed an alliance with Austar United Communications Ltd., Australia's largest pay TV operator, to provide two-way wireless cable systems. Minneapolis-based ADC said it will develop and deploy one of the world's largest MMDS (Microwave Multipoint Distribution System) broadband wireless systems for Austar. MMDS is a way of distributing cable television signals via microwave from a single transmission point to multiple receiving points. Terms of the deal were not disclosed. ADC said it will build two-way transmission facilities that will provide high-speed Internet and telephony services capable of reaching more than 60 Australian towns and cities. It expects initial deployment of the system in late 2000 with a commercial launch in the first quarter of 2001. The two-way network will be able to offer subscribers multiple telephony connections providing a competitive alternative to existing voice services, ADC said. Austar United is 72 percent owned by UnitedGlobalCom Inc.(NasdaqNM:UCOMA - news), the largest broadband communications provider of video, voice and data services outside the United States. Shares of ADC rose 11/16 to 79-7/16 on Nasdaq in afternoon trade. The stock's year high was 85-2/16 while its year low was 17-3/16.

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