Here is an interesting story.
1999 starts off where 1998 ended. I believe 1999 will see a complete restructuring of the ISP environment in the US. Consolidation and new technology will be KING. Local ISPs providers are seeing folks make a lot of money in running internet companies, but they are not sharing in the fun. These entrepreneurs will be looking for creative ways to get on the public market.
The USRF tech is a good way to differentiate your ISP and good ones can be bought out by USRF. Don't look for these little guys to just sit back and let AOL, MSPG, GEEK and RMII rule the roost.
IMO this bode wells for USRF. Do your own thinking and DD. I have been long USRF for the last year and will be for most of 1999.
Here it is from CNNFN:
Web service firms link up
SuperNet and 16 other 'Net service
providers will help form OneMain.com
January 1, 1999: 1:37 p.m. ET
NEW YORK (CNNfn) - Internet service provider
D&E SuperNet is banding together with 16 other
online service providers to create a national Internet
company called OneMain.com.
The combination of D&E SuperNet, which is 50
percent owned by a subsidiary of D&E
Communications Inc. (DECC), and the other service
providers is contingent upon the successful completion
of an initial public offering by OneMain.com, S&E
Communications said in a statement Thursday.
OneMain's offering is slated to begin in the first quarter
of 1999.
In a statement from its Southampton, N.Y.
headquarters on Dec. 30, OneMain said it was
seeking permission from the Securities and Exchange
Commission to offer up to $125 million of its common
stock.
The company said it planned to provide Internet
access and related services to individuals and
businesses through the 17 service providers mostly in
secondary, tertiary and rural markets throughout the
United States.
OneMain said the combined firms had about
273,000 subscribers as of Sept. 30, 1998.
The offering is being managed by BT. Alex Brown
Inc. and Soundview Technology Group. Wit Capital
Corp. is serving as the offering's electronic manager.
The Lancaster County, Penn.-based D&E
SuperNet, created in 1995 as a partnership between
SuperNet Interactive Services and D&E
Communications, is a regional Internet service
provider.
D&E Communications is a global
telecommunications company. Its D&E Telephone Co.
subsidiary is the 31st largest in the United States.
Through its subsidiaries, D&E offers local and long
distance telephone service, custom calling features,
telephone and data systems for businesses, computer
networking services, in addition to digital mobile phone
service and SuperNet Internet access.
Shares of D&E Communications ended up 7/8 at
14-3/8 Thursday on the Nasdaq.
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