USA Global Link Plans to Sell $200 Mln 10-Year Notes (Correct)
New York, March 1 (Bloomberg) -- USA Global Link Inc., a provider of international telecommunications and Web-based services, said it plans to sell $200 million of bonds in early March.
The Denver-based company began investor presentations for its 10-year notes today. The notes, which haven't been rated, are expected to be priced late next week or the week after.
Proceeds from the sale will help the company build its Global InterNetwork, which will be capable of providing low-cost telecommunications and other services through the integration of traditional circuit switches and Internet protocal technology.
The Global InterNetwork will enable privately-owned USA Global Link to originate and terminate voice, fax, data and video communications as well as e-commerce services.
USA Global has teamed with 3Com Corp. and Siemens Information and Communication Networks Inc. to design, develop and deploy its network. And it has entered an agreement with Global Crossing Ltd. to buy fiber-optic cable capacity.
Schroder & Co. is arranging the bond sale with Lehman Bros.
18:32:45 03/01/1999
in context
Siemens to Buy Argon for $240 Million, People Say
Munich, Feb. 27 (Bloomberg) -- Siemens AG, a German maker of products ranging from locomotives to telecommunications networks, agreed to buy closely held Argon Networks Inc. for about $240 million to expand its data-networking business in the U.S., people familiar with the transaction said.
The agreement may be unveiled within the next few two weeks, the people said. A spokeswoman for Littleton, Massachusetts-based Argon declined to comment. Eberhard Posner, a spokesman for Munich-based Siemens also declined to comment on the agreement, which was reported in the Feb. 18 edition of the Boston Globe.
Siemens is developing more products to carry voice and data on computer networks and the Internet, helped by an alliance with No. 2 networking company 3Com Corp. Argon makes a computer switch that lets phone companies transmit data faster.
''Siemens and the other Europeans need a beachhead in the U.S. (networking) market,'' said Craig Johnson, an analyst with the market research firm Pita Group in Portland, Oregon.
Argon is developing a so-called gigabit switch router, which sends data traffic over phone networks faster than existing gear made by No. 1 networking company Cisco Systems Inc. and others.
Alliance
Siemens and 3Com in December broadened their alliance with a $100 million venture to develop phones that can send voice and data calls over corporate computer networks and the Internet. That venture will begin delivering its first product in the first quarter, the companies have said.
Argon's software is being tested in several networks and its gear is expected to be ready for sale in the third quarter of this year, spokeswoman Maureen Liberty said Friday.
The company, founded in March 1997, raised $34 million in two rounds of venture financing, according to documents on its Internet site.
In December, Paris-based Alcatel SA bought closely held Packet Engines Inc. for $315 million in cash. Some of Packet Engine's products will compete with those expected from Argon.
Siemens now buys ''a significant amount'' of equipment from Newbridge Networks Corp., based in Kanata, Ontario, said Patrick Houghton, an analyst with Sutro & Co. who rates Newbridge ''strong buy.''
Some of that equipment will compete with Argon's product.
''That (Siemens buying Argon) is going to spook some people about Newbridge,'' Houghton said.
13:07:59 02/27/1999
there will be many flavors for broadband atm for the carrier class including video streaming
voice data and video for the corporate
voice over pc/phone can and is being carried on IDTC click to talk technology now. nice little co, btw |
