SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MikeM54321 who wrote (5257)10/25/1999 2:37:00 PM
From: MikeM54321  Read Replies (2) of 12823
 
Re: MSO's in Europe -- Microsoft / Telewest Communications

Thread,
Here's yet another billion dollar MSO investment by Bill Gates. This time it's $3 billion for a 30% stake in Telewest. I did the math and it means he's spending about $1,608 per subscriber. I don't get it? The figure is quite low. Either I did the math wrong, or I guess Telewest's coaxial plant has a lot of HFC upgrades still to come.
MikeM(From Florida)
______________________________

Microsoft Takes $3 billion Stake In Telewest

SEATTLE -- Software giant Microsoft will pay nearly $3 billion in stock for a 29.7 percent stake in British cable operator Telewest Communications under terms of the deal disclosed in a federal filing this week.

The purchase, which still requires regulatory approval, would be Microsoft's second-biggestinvestment after its related $5 billion investment in U.S. cable and phone giant AT&T.

Microsoft agreed to buy the shares in Telewest owned by cable operator MediaOne Group in May as part of a complex three-way deal under which AT&T would acquire MediaOne for $58 billion in cash and stock.

Both the AT&T acquisition and the Microsoft investment still require federal approval, which could be a year away. The Microsoft investment in Telewest also requires the approval of the British company's shareholders. Microsoft already has closed its $5 billion cash investment in AT&T.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News