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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (11913)	6/17/1999 8:52:00 PM
From: zbyslaw owczarczyk	Respond to of 18016

SingTel to invest S$20 mln in ATM network, and the link to NN last year contract, worth more then 35 millions $: newbridge.com SINGAPORE, June 17 (Reuters) - Singapore Telecommunications Ltd (SingTel) said on Thursday it would invest S$20 million over the next six months in its high-speed international communications network to meet expected demand. ''To date we have invested S$42 million in our ATM (asynchronous transfer mode) network and plan to invest a further S$20 million over the next six months to meet anticipated demand,'' Lim Eng, SingTel vice president of corporate products said in a statement. ATM is used mainly for business connections and offers high speed links between offices for voice, text, data, image and video applications. SingTel -- which announced it had signed computer maker, Compaq Corp (NYSE:CPQ - news) to the network to link its United States headquarters to Hong Kong and Japan -- said its ATM service had seen a 60 percent surge in usage since its launch in June, 1998. The service is available island-wide in Singapore and internationally to the United States, Japan, South Korea, Hong Kong and Australia. The firm plans to expand the service to Malaysia, Thailand, China, Taiwan, the Philippines and Europe by the end of the year.