Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: mr-tom who wrote (83582)	2/18/2000 1:33:00 AM
From: WaveSeeker	of 120523

GBT fiber optic news... DJ Bestel Plans US,Mexican IPO -2: Global Light Owns 49% NEW YORK (Dow Jones)--Bestel SA said Thursday it plans to file for an initial public offering of its shares in the U.S. and in Mexico. In a press release, the Mexican broadband and Internet company said it expects to complete the offering in the second quarter of 2000, subject to market conditions and regulatory approvals. Bestel said it plans to use proceeds primarily to expand its fiber optic network. The company's network uses Mexican railroad rights of way and extends over 4,000 kilometers, with part of the network reaching into the southern U.S. Global Light Telecommunications Inc. (GBT) of Vancouver, B.C., owns 49% of the company, with a unit of privately held Mexican firm Varo SA holding the remaining 51%. -Michael Makdad; Dow Jones Newswires; 201-938-5400 (END) DOW JONES NEWS 02-17-00 02:39 PM

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