Metromedia International Group (MMG) Looking for Opinions Message Board

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Technology Stocks : Metromedia International Group (MMG) Looking for Opinions

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To: killybegs who wrote (203)	11/2/1998 10:35:00 AM
From: Elayne Shochet Tatar	Read Replies (1) of 353

Company news from today's Wall Street Journal Interactive: Dow Jones Newswires -- November 2, 1998 Metromedia Intl Forms Russian Local Telephone Venture EAST RUTHERFORD, N.J. (Dow Jones)--Metromedia International Group Inc. (MMG) and its Metromedia International Telecommunications Inc. unit bought a 51% stake in Eurodevelopment Ukraine Ltd., a paging company that operates in Dnipropetrovsk and Kiev, Ukraine. Financial terms weren't disclosed. In a press release Monday, Metromedia International said Eurodevelopment is applying for a countrywide frequency license and has plans to execute roaming agreements in other Metromedia International Telecommunications paging ventures. Metromedia International also entered the local telephone market in Russia through a joint venture with Tyumen Telecom, the local telephone company in the Tyumen region, and Rustel, a private Russian long distance carrier. The joint venture, called TyumenRuskom, is owned 46% by Metromedia, 51% by Tyumen Telecom and 3% by Rustel. Metromedia International is a global communications and media company.

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