C-Cube Message Board - Msg: 8813681

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Technology Stocks : C-Cube

CUBE 37.68

+1.7%

Jan 9 9:30 AM EST

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To: DiViT who wrote (39718)	4/9/1999 5:02:00 PM
From: John Rieman	Read Replies (2) of 50808

Microsoft can't keep it hands off of cable......................... inside-cable.co.uk 7th April 1999 MICROSOFT INVESTS IN PORTUGUESE CABLE Or use your browser BACK button to return to the previous page. Microsoft is paying Portugal Telecom $38.6 million for a 2.5% stake in its cable unit, TV Cabo, as the telco sought further funding through a rights issue. Portugal Telecom owns 87.45% of TV Cabo – most of the other shareholders being Portuguese banks. The alliance with Microsoft includes plans to jointly develop interactive video and data services in Portugal, and to launch broadband Internet services to residential customers, followed by digital TV and e-commerce applications. TV Cabo expects to offer broadband internet access through the cable television network by July and interactive digital television by October. Portugal Telecom is expected to seek an IPO for 25% of TV Cabo later this year as it prepares for full liberalisation in 2000. TV Cabo had approximately 568,400 cable subscribers and 28,700 satellite customers at the end of 1998.

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