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Technology Stocks : WorldGate Communications, Inc. (WGAT)

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To: Benny Baga who wrote (218)	5/27/1999 8:06:00 AM
From: John F Beule	Read Replies (1) of 589

Report: Charter Communications Plans to Buy Fanch Reuters NEW YORK, (May 27) - Billionaire Paul Allen's Charter Communications is expected to announce Thursday it will buy Denver-based Fanch Communications for $2 billion, the Wall Street Journal reported. The Fanch transaction would add about 550,000 customers to Charter's fast-growing base, the newspaper said. Paul Allen is known for his dreams to build a cable empire, but also for his role as the co-founder of Microsoft Corp. St Louis-based Charter announced on Wednesday it would buy Falcon Communications for $3.6 billion in cash and stock, bumping Charter into the No. 4 slot among U.S. cable operators. The $3.6 billion included $1.6 billion in debt. 05:28 05-27-99 Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.

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