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Microcap & Penny Stocks : XSNI - X-Stream Network -- Ignore unavailable to you. Want to Upgrade?

To: donkeyman who wrote (1440)	6/23/1999 10:48:00 AM
From: Jeffrey D	Read Replies (1) \| Respond to of 3519

Energis wants a piece of Freeserve. You might recall Energis has/had a tie in with X-Stream through Nethead. Hmmm, this really is getting interesting. Jeff << Firecrest has made a deal with Energis which will allow Nethead subscribers access to the internet at local-call prices. 18-Nov-95 >> Energis in Talks to Acquire Freeserve Stake Ahead of Initial Public Offer By Bundeep S. Rangar and Kate Norton Energis in Talks to Buy Freeserve Stake Ahead of Share Sale London, June 23 (Bloomberg) -- Energis Plc, Britain's largest Internet traffic carrier, is in talks that might lead to the purchase of a stake in Freeserve, the U.K.'s largest Internet provider that will sell shares next month, the companies said. London-based Energis may buy between 3 percent and 5 percent of Freeserve, according to analysts. Freeserve, which will gauge investor interest next week for its public offering, is valued by analysts at about $1.6 billion. It was started last September by Dixons Group Plc, the U.K.'s largest electronics retailer, and now has about a third of the U.K.'s Internet access market. Energis's telecommunications infrastructure is used by Freeserve to provide free Internet access to 1.25 million users. Energis receives as much as 60 percent of the money users spend to dial into the service, a portion of which is then passed on to Freeserve. In the seven months to April, more than half of Freeserve's revenue came from its share of the phone tariff. ''We're in discussions with Dixons that may result in Energis taking a small stake in Freeserve, but they have not concluded,'' said Annie Jupp, head of investor relations at Energis. Energis shares rose as much as 31 pence, or 2 percent, to 1582p. Dixons shares rose as much as 26 pence, or 2.15 percent, to 1234p. >>