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Technology Stocks : Pacific Internet Next HOT IPO?
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To: Carolyn who wrote (793)8/19/1999 11:35:00 PM
From: 2MAR$  Read Replies (1) of 912
 
(REUTERS) PacNet <PCNTF.O> says fastest ISP in Philippines
PacNet <PCNTF.O> says fastest ISP in Philippines

SINGAPORE, Aug 20 (Reuters) - Pacific Internet (PacNet)
said on Friday it has signed a satellite service deal with
Philippine Communications Satellite Corp (Philcomsat) which
would allow customers to enjoy the fastest Internet access in
Philippines.
"Pacific Internet is now the first and only Internet
Service Provider in the Philippines that matches the speed and
reliability of American ISPs," the internet service provider
(ISP) said in a statement.
The deal with Philcomsat, signed two days ago, was expected
to give PacNet a competitive edge in the Philippines, where it
has about 16,000 dial-up subcribers.
The entire Philippines Internet market is estimated at
300,000 subscribers.
PacNet shares ended U.S. 1 lower at $28 on Thursday.
((Singapore Newsroom (65) 870-3080; Fax (65) 776-8112,
singapore.newsroom@reuters.com))
REUTERS
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