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Technology Stocks : United Pan-Europe Communications - UPC (UPCOY)
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To: Clean who wrote (84)10/21/1999 9:54:00 PM
From: Xenogenetic   of 95
 
Probably for acquisition. They are in the bidding for the Deutsche Telecom cable networks (See story: biz.yahoo.com ). DT has been ordered by regulators to divest itself of its cable networks. UPCOY also might look to acquire other networks such as those in Switzerland.

Many say the Swiss networks would be a better investment than the German networks since the DT systems are severely outdated and need many costly upgrades.

If UPCOY feels that the prices asked for these networks are too high, they may pass on them rather than overpay. Then they would probably pay off some debt/funnel to accel buildout with the proceeds from the offering.

Lotsa good conversation on the UPCOY Yahoo message board if you would like a detailed analysis.
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