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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.405-4.3%Feb 4 3:59 PM EST

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To: Steve Fancy who wrote (21210)8/2/2000 12:56:21 PM
From: Steve Fancy  Read Replies (1) of 22640
 
Globo Cabo, Laboratorio Fleury Offer Broadband In Brazil
Dow Jones Newswires

August 1, 2000

NEW YORK -- Globo Cabo S.A. (GLCBY) partnered with Laboratorio Fleury to offer broadband Internet connection and services in Brazil.

Financial terms weren't disclosed.

In a press release Tuesday, Globo Cabo said with the participation of Microsoft Corp. (MSFT), the agreement connects physicians registered with Fleury in Sao Paulo to Globo Cabo's Virtua broadband Internet product.

A Globo Cabo spokesman said Microsoft has a 9% stake in Globo Cabo.

Under the first phase of the program, 1,000 out of 10,000 physicians will be connected. The connection will be free and subscribers will be charged a maintenance fee.

Services include video conferencing for remote diagnosis support to obtain a second opinion and video streaming for online courses and training.

Laboratorio Fleury is a diagnostic services and clinical anlaysis laboratory in Brazil.

Globo Cabo is a pay television and Internet broadband provider in Brazil.

Company Web site fleury.com.br

-Karen M. Chow; Dow Jones Newswires; 201-938-5388
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