Sprint/Cox communications and IDTC?
Read this:
Sprint Acquires Cox Communications' Remaining Interest in Sprint PCS
KANSAS CITY, Mo., May 17 /PRNewswire/ -- Sprint today announced it has completed the acquisition of Cox Communications' remaining interest in Sprint PCS by purchasing Cox's 40.8 percent stake in Sprint PCS' operations in Los Angeles, San Diego and Las Vegas.
Sprint acquired Cox's interest in exchange for 24.3 million shares of Sprint PCS Series 2 stock, worth an estimated $1.1 billion. The Series 2 shares carry 1/10th the voting rights of the publicly traded Sprint PCS Series 1 stock (NYSE: PCS).
Sprint is a global communications company -- at the forefront of integrating long distance, local and wireless communications services, and one of the largest carriers of Internet traffic. Sprint built and operates the United States' first nationwide all-digital, fiber-optic network and is a leader in advanced data communications services. Sprint has $17 billion in annual revenues and serves more than 17 million business and residential customers.
SOURCE Sprint
CO: Sprint; Cox Communications; Sprint PCS
ST: Missouri, California, Nevada
IN: TLS MLM
SU: TNM
05/17/99 16:34 EDT prnewswire.com
Then read this posted by Field effect on SI (who is Mr. Cap on yahoo board):
www2.techstocks.com
To: Hawaii60 (8435 )
From: FieldEffect Wednesday, May 26 1999 10:40AM ET
Reply # of 8628
IDT's "Strategic Relationships"
I located a copy of Courter's briefing slides that he used at the CTI EXPO. The following is from the slide called "Strategic Relationships" It shows a chart with IDT at the top with branches to its three main business activities: Telecommunications, Internet, and IP Telephony. Below each branch are the names of IDT's actual or proposed Strategic Partners.
1. Telecommunications.
a. Frontier
b. Worldcom
c. Cable & Wireless
d. Pacific Gateway
e. LCI/Qwest
f. Union Telecard
g. RBOCs
h. Star Telecom
i. PTTs (nondisclosure)
j. LDDI
2. Internet
a. Deloitte & Touche
b. PSINet
c. Cox Cable
d. MailCall
e. GT Software
3. IP Telephony
a. Excite
b. Netscape
c. IBM
d. Yahoo!
e. Daewoo
f. Packard Bell
g. Geocities
h. Creative Labs
i. Marubeni
j. Quicknet
Comment: I will leave it to others more expert than I to comment on the significance of these relationships. I wasn't aware of several of them. I'm especially intrigued with the link to Cox, as Cox is at the forefront of developing and deploying IP Telephony services via cable. Courter told me yesterday that IDT was agnostic with regard to the "last mile" problem in providing a high bandwidth integrated data/telephony package to the individual consumer, but did allow that cable seemed to have the best chance (with wireless, such as LMDS, being a possible darkhorse candidate).>
Now how's THAT for due diligence........ |
