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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here

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To: MikeM54321 who wrote (5020)	8/24/1999 8:48:00 AM
From: MikeM54321	Read Replies (2) of 12823

Re: European MSO - Deutsche Telekom Cable Plant Thread, Here are a few more details on the impending sale of the German cable giant. Looks like there is tremendous interest in ownership and we all know why. They are even pricing the deal per US cable deals that have recently gone through. If I'm not mistaken, in one swoop someone is going to snatch up more than double the customers Paul Allen has collected over the last year in all his deals. MikeM(From Florida) __________________________ Cable TV sale looms in D.Telekom H1 report FRANKFURT, Aug 24 - Deutsche Telekom AG presents complete first-half results on Wednesday, but analysts will be more interested in news about the sale of its cable television network. ``How much are they going to get from the cable sale -- I'd like to hear about that,' said Philip Carse at Salomon Smith Barney in London. "That would be pretty important. On Friday at least five bidders filed proposals to buy all or some of the nine regional networks Telekom has created from a nationwide system serving 17.5 million customers. Telekom executives, pointing to cable acquisition prices in the United States, have tried to make a case that the system could be worth as much as 40 billion marks. Analysts do not agree. Paribas estimates the entire network could be worth 10.5 billion euros, or about 20 billion marks. Potential buyers are wary of paying too much for the cable units because Telekom wants to keep 25.1 percent shares in each of the nine regional companies. ``How serious is Telekom's plan for separation,' said Jacques Hackenberg, chief executive of Primacom AG, a German cable group bidding for four of the regional companies. German media giant Bertelsmann filed a bid -- along with objections to Telekom's price demands and plans to keep minority stakes. Other bidders include a consortium led by Deutsche Bank, Dutch cable group United Pan-European Communications NV and a consortium involving Callahan Associates International LLC and Bank of America. Microsoft Corp is in talks to join forces with Deutsche Bank, while Telekom rival Mannesmann AG has offered to buy all nine units.

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