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

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To: MikeM54321 who wrote (6424)	2/15/2000 11:34:00 AM
From: Elsewhere	Read Replies (1) of 12823

Deutsche Telekom Said it Expects to Sell Some Cable-TV Units This Spring Tue, 15 Feb 2000, 11:23am EST By Sonja Heizmann Bonn, Feb. 15 (Bloomberg) -- Deutsche Telekom AG said it expects to reach agreements on the sale of some cable television units this spring, ending months of negotiations over who will get a stake in Europe's biggest cable network. ... Telekom has changed the sale terms for the cable units -- estimated to be worth between $10 billion and $15 billion -- several times and may delay the date they take effect until 2001 to take advantage of a proposed law to scrap taxes on corporate asset sales. The cable sale will add to the $14 billion it can use to pursue its plans for European and U.S. expansion. ... The company's latest plan is to offer 51 percent in each unit to industry investors and sell 24 percent later to the public while retaining a 25 percent stake plus one share. quote.bloomberg.com

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