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Technology Stocks : Advanced Fibre (AFCI) ** IPO

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To: E_K_S who wrote (1237)	11/29/1998 11:15:00 AM
From: E_K_S	Read Replies (1) of 3299

FOCUS-France sets record with France Telecom sale 10.01 a.m. ET (1501 GMT) November 29, 1998 (http://www.foxmarketwire.com/wires/1129/f_rt_1129_15.sml) From the article: "...Bon said there were three drivers for shareholder value in the medium term -- the explosion of mobile telecommunications use, Internet and foreign markets. France Telecom has one million mobile phone users outside France and aims at bringing this to four million by 2001. He said the money raised would be used for investments for the foreign development -- some 10 to 15 billion francs per year -- and to buy the Deutsche Telekom stake. "Our goal is to become an overal operator in Europe in mobiles, fixed telephony and Internet,'' he said..." ====================================================================== On Monday Nov. 23, 1998 AFCI announced that France Telecom had extended their supply contract extending current supply commitments through December of 1999. ... (http://biz.yahoo.com/prnews/981123/ca_afc_fra_1.html) From the article: "...AFC's UMC 1000 has been deployed throughout France Telecom's networks since September, 1996 to deliver POTS services over E1-HDSL. The renewed contract substantiates AFC's presence within France Telecom as a primary multiplexer vendor. "We look forward to expanding our product and service offerings to France Telecom as we continue to provide industry leading solutions that address the needs of their growing customer base,'' says Gregory A. Peters, vice president of International Operations at AFC. The UMC 1000 fits France Telecom's strategic plans and allows them to fully utilize their current network without the expense of adding expensive copper cable. In an increasingly competitive market, it has become critical for France Telecom to maximize its network by deploying equipment that seamlessly transitions to meet emerging service requirements: AFC's UMC 1000 offers the ideal solution...." ===================================== It look's like France Telecom now has the capital to pay for the new equipment orders. Maybe Deutsche Telekom will look at AFCI's products too. EKS

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