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To: Israel who wrote (13952)	11/11/1999 10:41:00 AM
From: Joe Copia	Respond to of 150070

Excellent Israel!

To: Israel who wrote (13952)	11/11/1999 5:20:00 PM
From: Currency	Respond to of 150070

WRDP NEWS! AND IT'S HUGE. GETTING $573 million buckeroos! Energis to Buy Worldport's EnerTel for 352 Mln Pounds London, Nov. 11 (Bloomberg) -- Energis Plc, Britain's largest carrier of Internet traffic, said it will buy Dutch telecommunications network operator EnerTel NV from Worldport Communications Inc., for 352 million pounds ($573 million) in its second acquisition outside the U.K. The purchase price includes 19 million pounds in debt. Energis will sell 14.7 million new shares in a private placement with investors and arrange bank loans to pay for the purchase. At yesterday's closing price for Energis, the share sale would raise 316 million pounds. EnerTel offers voice, data, video and Internet services to businesses through its 1,200-kilometer Dutch fiber-optic network and connections to other European countries. It competes with former monopoly Royal KPN NV and others. It's Energis' second Dutch acquisition and the second outside its U.K. home, having bought Unisource Carrier Services in August for 60 million pounds. ''It's really a mini-Energis, with a similar business focus,'' said Mike Grabiner, chief executive of Energis. ''EnerTel will make us the leading alternative telecom operator in Holland.'' Energis shares rose as much as 91 pence or 4.2 percent to 2,240, helped by British Telecommunications Plc, which climbed to a record after reporting higher second-quarter earnings. Rotterdam-based EnerTel's revenue for the nine months ended Sept. 30 was 28 million pounds after bringing in 17 million pounds in sales in all of 1998. EnerTel, whose customers include Europe's No. 3 computer-services company Getronics NV and Internet service provider Excite At Home Corp., earned 1.3 million pounds before interest, tax, depreciation and amortization in the first nine months. The European market for business telecommunications is expected to grow to 110 billion pounds in 2003 from 90 billion in 1997, Energis said, citing research from Schema. The Dutch business telecommunications market is worth 2.3 billion pounds and growing at 8 percent a year, the company said. Cash Needed Energis got a good price for EnerTel because Worldport needed to sell quickly to repay a $100 million loan due Nov. 18, Grabiner said. EnerTel was one of few assets left to Worldport, which shut most of its U.S. operations in August, including its Atlanta headquarters, after it was delisted from the Nasdaq SmallCap Market and failed to pay back the loan. EnerTel, which had attracted 10 bidders, was cheap when compared with Dutch network operator VersaTel Telecom International NV, Grabiner said. VersaTel has a market capitalization of 1 billion euros ($1.04 billion) and lost $10 million before interest, tax, depreciation and amortization in 1998. VersaTel's business is similar to Energis' and EnerTel's, though focused on small and medium-sized businesses. ''Worldport needed to sell,'' Grabiner said in an interview. ''Compared with VersaTel, it's well beneath the traditional ratios.'' Energis said in a statement it ''continued to grow strongly in the current financial year'' and earnings are developing in line with its expectations. The London-based company will report fiscal first-half earnings on or about Nov. 23. Dresdner Kleinwort Benson advised Energis and is managing the share sale, which will start tomorrow. Salomon Smith Barney advised EnerTel. The acquisition is expected to be completed within two months.

To: Israel who wrote (13952)	11/11/1999 10:38:00 PM
From: Norms	Respond to of 150070

WRDP just released the news under their own symbol - cool. November 11, 1999 21:22 WorldPort Communications, Inc. Announces Sale of Assets to Energis plc Jump to first matched term ATLANTA--(BUSINESS WIRE)--Nov. 11, 1999--WorldPort Communications, Inc. (OTCBB:WRDP) today announced that it has entered into a series of definitive agreements to sell its principal assets in an all cash transaction to Energis plc for an estimated value of $570 million. The assets to be sold include WorldPort's 85% shareholding in WorldPort Communications Europe Holdings B.V., the parent of EnerTel N.V., the leading alternative telecommunications network provider in The Netherlands, and WorldPort's switch operations in London and New York. Following the acquisition of EnerTel by WorldPort in June 1998, EnerTel successfully repositioned its product and service range, and this, together with a revised sales and marketing strategy, has enabled it to achieve rapid revenue growth and become EBITDA positive. The sale to Energis will enable EnerTel to further expand its network capacity and reach, and broaden its product and service portfolio. WorldPort intends to apply a portion of the net proceeds to be realized from this sale to repay existing debt. Salomon Smith Barney is acting as financial advisor to WorldPort on this transaction. About WorldPort Communications, Inc. WorldPort Communications, Inc., headquartered in Atlanta, Georgia (USA), provides international telecommunications and Internet services primarily to ISPs, long distance carriers, medium and large corporate customers in Europe and North America. WorldPort offers domestic and international voice, data, video, Internet and other telecommunication services over a network of terrestrial and undersea cables, switches, and other network equipment and through interconnection agreements with major carriers in Europe and North America. For more information, please visit the WorldPort web site at www.wrdp.com. This press release contains certain forward-looking statements which can sometimes be identified by the use of forward-looking words such as "may," "will," "anticipate"', "plan," "estimate," "expect" or "intend." These statements are subject to known and unknown risks, uncertainties and other factors, including, but not limited to, the Company's limited operating history, history of operating losses, substantial indebtedness and substantial capital requirements, that could cause actual results to differ materially from those contemplated by the statements. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. Additional information on risk factors that could potentially affect the Company's financial results may be found in the Company's public filings with the Securities and Exchange Commission. Certain of such filings may be accessed through the Securities and Exchange Commission's web site, sec.gov. CONTACT: WorldPort Communications, Inc. Investor Relations, 770/792-5800