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To: TraderXx who wrote (3)	1/27/1999 3:25:00 PM
From: Mad2	of 489

Copyright 1999 AFP-Extel News Limited AFX News January 27, 1999, Wednesday - 11:21 Eastern Time SECTION: Markets; Stocks; Company News; Financings LENGTH: 163 words HEADLINE: UIH unit UPC sees no div payouts after listing; NUON unlikely to take stake BODY: AMSTERDAM (AFX) - United International Holdings Corp unit United Pan-Europe Communications is not planning to pay out stock dividends in the coming years, according to chief executive officer Mark Schneider and chief financial officer Tim Bryan. Speaking at a roadshow ahead of the company's planned bourse launch in Amsterdam and the U.S., they said any profits will be reinvested in the company, which is "very normal" in the cable business. Shareholders will make their profit on the rise in UPC's share price, Bryan said. The CFO also said that it now seems unlikely that Dutch utility company NUON will take a stake in the company, and could opt for payment in cash for its stake in United Telekabel. As stated previously, Microsoft Corp is still planning to take a stake in the company and 7.5 pct of the IPO has been reserved for the company for 300 mln usd, Bryan said. gp/nma

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