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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: oilbabe who wrote (2285)10/3/1999 8:54:00 PM
From: J Gunn  Read Replies (1) | Respond to of 15615
 
Sure is alot of competition out there!!!

HONG KONG, Sept 30 (Reuters) - Hong Kong's Office of the
Telecommunications Authority (OFTA) said it had received 14
applications to operate local wireless fixed networks and 34
applications to provide external telecommunications facilities.
OFTA said it intends to complete the evaluation of the
licence applications before the end of 1999.
The announcement was made in a statement issued after
applications closed earlier on Thursday.
The following companies have applied for local wireless
fixed networks licences:
1. Davnet Digitel Hong Kong Ltd
2. Global One Communications Ltd - a joint venture among
Deutsche Telekom DTEG.F, France Telecom FTEP.PA and Sprint
Corp FON.N
3. Henderson Land Development Co Ltd 0012.HK
4. HKNet-Teligent Co Ltd - a joint venture among HKNet
Co Ltd, Nippon Telegraph and Telephone Corp 9432.T, Teligent
Inc TGNT.O and CCT Telcom Holdings Ltd 0138.HK
5. Hong Kong Broadband Network Ltd
6. Hongkong Multimedia Ltd
7. LinkAGE Online Ltd
8. NEXTLINK Hong Kong Ltd
9. Onelink Communications Ltd
10. Pacific Satellite International Ltd
11. Pearl Oriental Telecom & Technology Ltd - unit of
Pearl Oriental Holdings Ltd 0988.HK
12. SmarTone Mobile Communications Ltd - a unit of
SmarTone Telecommunications Holdings Ltd 0315.HK
13. Stubbs Ltd
14. WINStar Hong Kong - unit of Winstar Communications
Inc WCII.O
The following companies have applied for external
telecommunications facilities licences:
1. Asia Global Crossing Hong Kong Ltd - a joint venture
between Global Crossing Ltd GBLX.O, Microsoft Corp MSFT.O
and Softbank Corp 9984.T
2. Asia Satellite Telecommunications Co Ltd - a unit of
Asia Satellite Telecommunications Holdings Ltd 1135.HK
3. AT&T Asia/Pacific Group Ltd - a unit of AT&T Corp
T.N
4. BT (HK) Ltd - a unit of British Telecommunications
Plc BT.L
5. CLP Telecommunications Ltd - a unit of CLP Holdings
Ltd 0002.HK
6. CTI International Ltd - a unit of City Telecom (HK)
Ltd 1137.HK
7. ET Network Services Ltd
8. Eternal Bright Technology Ltd
9. Far East Gateway Ltd
10. Flag Telecom Asia Ltd
11. Galaxy Satellite Broadcasting Ltd
12. GB21 (HK) Ltd
13. Global One Communications Ltd - a joint venture
among Deutsche Telekom DTEG.F, France Telecom FTEP.PA and
Sprint Corp FON.N
14. Gold Arrow Ltd
15. Hutchison Corporate Access (HK) Ltd - a unit of
Hutchison Whampoa Ltd 0013.HK
16.Level (3) Communications Ltd
17.LinkAGE Online Ltd
18. MCI WorldCom Asia Pacific Ltd - unit of MCI WorldCom
Inc
19. Million Point Technology Ltd
20. NTT Com Asia Ltd - a joint venture among Nippon
Telegraph and Telephone Corp 9432.T, HKNet Co Ltd, and CCT
Telcom Holdings Ltd 0138.HK
21. OneLink Communications Ltd
22. Pacific Century Matrix (HK) Ltd - a joint venture
between Pacific Century Group and DaimlerChrysler Aerospace AG
DCXGn.F
23 PhoenixNet Ltd
24.Qwest Communications International Inc
25. Singapore Telecom Hong Kong Ltd - a unit of
Singapore Telecom TELE.SI
26. SmarTone Mobile Communications Ltd - unit of
SmarTone Telecommunications Holdings Ltd 0315.HK
27. Stubbs Ltd
28. Teledesic Hong Kong Co Ltd
29. Teleglobe Hong Kong Ltd - a unit of Teleglobe Inc
TGO.TO
30. Telhope Information Development Co Ltd
31. Teltec Electronic Systems Ltd
32. Unicom International (HK) Ltd
33. United Telecom International
34. Xinyu Aero-space Satellite Applications Ltd
The authority had invited applications for licences to
operate these two types of fixed network facilities in mid-July
to implement the government's policy decisions announced in May
to introduce further competition in the fixed network market.
OFTA said on Thursday it had also received an application
from Wharf Holdings Ltd's 0004.HK Hong Kong Cable Television
Ltd to provide fixed telecommunications services over the cable
television network operated by that company.


REUTERS
Rtr 12:51 09-30-99

Copyright 1999, Reuters News Service



To: oilbabe who wrote (2285)10/4/1999 2:49:00 PM
From: Richard H.  Read Replies (1) | Respond to of 15615
 
Can anyone tell me how many shares of GBLX are outstanding after the FRO deal? Also, were shares issued in the Global Marine deal?

It is being reported as 435,000,000 shares.

siliconinvestor.com

I'll give it a try. According to Value Line 7/9/99, there were 435,000,000 GBLX shares as of 4/99 and 175,000,000 shares FRO. Assuming 2:1, the deal adds 350,000,000 shares for a total of 785,000,000. 785,000,000 times $25 equals $19,625,000,000. Market cap $19.6 billion, combined GBLX and FRO 1998 sales $3 billion, price to sales 6.5x.

Thanks for your help.

Richard


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