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Technology Stocks : Net2Phone Inc-(NTOP) -- Ignore unavailable to you. Want to Upgrade?


To: Marty Rubin who wrote (421)8/9/1999 9:31:00 AM
From: Marty Rubin  Respond to of 1556
 
General Electric's NBC, Snapcom Get Net2Phone Stake, AP Says


New York, Aug. 8 (Bloomberg) -- General Electric Co.'s NBC broadcasting unit plans to market Internet telephone services from Net2Phone Inc. as part of an agreement in which NBC and Snap.com will acquire equity stakes in Net2Phone, the Associated Press reported, citing officials of Snap.com, which is owned by NBC and CNET Inc. NBC also will gain the right to nominate a director to Net2Phone as part of the agreement to be announced tomorrow. Net2Phone's personal computer-to-phone service will be prominently positioned on the Snap.com site and have a link to NBC.com's site, AP said.

Net2Phone, which says it's the largest provider of Internet phone calls, provides cheap calls transmitted over the Internet.

(AP 8/8 www.wire.ap.org)

Aug/08/1999 21:31

(C) Copyright 1999 Bloomberg L.P.