here's some stuff i got from the web site (hey, all we have at this point is the web site and the prospectus)
The European telecommunications landscape, although almost
equal in size to the United States, is a faster growing market.
According to the International Telecommunications Union (ITU),
countries in Western Europe in 1997 generated approximately
$182 billion of telecommunications revenue and included
approximately 198 million telephone access lines.
To date, only a limited number of facilities-based
telecommunications providers have addressed the local exchange
market in Western Europe ? and these have primarily focused on
major financial centres.
To meet its vision of becoming a leading pan-European
facilities-based local loop provider, CompleTel is currently
constructing its MAN network in 2 countries (France and
Germany) in 11 metropolitan markets, with plans to expand rapidly
in both markets and services for local loop networks. Western
European telecommunications revenue and telephone access lines
are expected to experience significant growth over the next five
years driven by explosive growth in the use of Internet services
and price elasticity of demand.
Regulators in both France and Germany have proved to be
dedicated in establishing a level playing field vis-…-vis the
incumbent public telecommunications operators ? France T‚l‚com
and Deutsche Telekom ? through the granting of licenses to
alternative operators and the establishing of interconnection rates
which are amongst the lowest in the EU.
(Don't for get to read this part) The above information contains ® forward looking statements ¯ within the
meaning of the U.S. Federal Securities Law. Such statements are based on the
current expectations of the management of CompleTel only, and the
company?s performance is subject to risks, uncertainties and other factors that
could cause actual results to differ materially from these statements. Such
risks include, but are not limited to, adverse regulatory, technological or
competitive developments, decline in demand for the company?s services or
products, inability to timely develop and introduce new technologies, products
and services, pressure on pricing resulting from competition, unforeseen delay,
failure to receive on a timely basis necessary permits or other governmental
approvals, and delays in the receipt of or failure to obtain any necessary
financing which could cause the actual results or performance of the company
to differ materially from those described herein. For a more detailed discussion
of such risks and other factors please refer to the company?s prospectuses and
reports to be filed from time to time with the Securities and Exchange
Commission. |
