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Technology Stocks : NorthPoint Communications Holdings, Inc. (NPNT)
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To: OpusX who wrote (333)11/22/1999 12:06:00 PM
From: Skywatcher  Read Replies (1) of 786
 
from schwab
* Telecommunications giant SBC COMMUNICATIONS INC. (SBC:
50-11/16, - 13/16) and PRODIGY COMMUNICATIONS CORP. (PRGY: 34, +
1-7/8) will combine their consumer and small business Internet
operations in a deal that will give SBC a 43 percent equity stake
in Prodigy, the companies said on Monday. The deal will enable
Internet access provider to tap SBC's $6 billion capital
investment in high-speed DSL (Digital Subscriber Line) technology
, and will spur both companies' rowth, they said. Under the terms
of the deal, SBC will make Prodigy its exclusive retail consumer
and small business Internet access service provider to the
approximately 100 million people in its service area. Prodigy will
assume management of SBC's current 650,000 Internet customers,
bringing Prodigy's managed subscriber base to more than 2 million,
the companies said.
]chris
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