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Technology Stocks : United Pan-Europe Communications - UPC (UPCOY)

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To: Neil H who wrote (67)	5/16/1999 11:15:00 PM
From: Neil H	Read Replies (1) of 95

Sunday May 16, 6:50 am Eastern Time UPC bids 1.3 bln marks for German TV firm-report FRANKFURT, May 16 (Reuters) - Dutch-based cable television firm United Pan-European Communications (UPC) (Nasdaq:UPCOY - news) has offered 1.3 billion marks ($712.3 million) to buy German cable operator Telecolumbus, magazine Focus said in its latest edition. Telecolumbus's owners -- utilities RWE AG(quote from Yahoo! UK & Ireland: RWEG.F) and Veba AG(quote from Yahoo! UK & Ireland: VEBG.F) -- have received offers of up to 1.5 billion marks, Focus said, giving no names. But it said an offer by German telecoms group Mobilcom AG(quote from Yahoo! UK & Ireland: MOBG.F) had been rejected. Focus said Telecolumbus had 1.7 million customers in Germany, making it the country's second largest operator.

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