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To: 10K a day who wrote (138)	1/19/2000 7:47:00 PM
From: Candle stick	Respond to of 195

Read this news please...doesn't PASA have a deal with IDT? What are the chances that the portal site TRRA ISP directs traffic to is PASA...any comments? Wednesday January 19, 6:29 pm Eastern Time FOCUS - Spain's Terra bids for U.S. Hispanic Web market (adds byline, background) By Ian Simpson NEW YORK, Jan 19 (Reuters) - High-flying Spanish Internet company Terra Networks SA (NasdaqNM:TRRA - news) launched a U.S. Web network Wednesday aimed at dominating the online market among the United States' 31 million Hispanics. Chief Executive Juan Perea told a news conference that expanding into the world's biggest Internet market was key to the company's strategy. ``We believe that we can here be placed in the No. 1 position in ... Internet services to Hispanics in a short period of time,' he said. The Terra move is a challenge for StarMedia Networks Inc. (NasdaqNM:STRM - news), the top U.S. Hispanic media network. The U.S. Hispanic market is the fifth-biggest in the world and has a purchasing power of more than $450 billion, Terra said in a statement. Terra, majority owned by Spanish phone company Telefonica de Espana (NYSE:TEF - news), has seen its stock soar since it started public trade in an initial public offering two months ago. Perea said a recent surge had made Terra the biggest European Internet company in terms of market capitalization and the fifth-biggest in the world. Its American Depositary Receipts have risen almost eightfold since the offering. They were off 5-3/4 at 94-1/4 in New York Wednesday. Terra already has established networks of Web sites in Spain, Brazil, Mexico, Argentina, Chile, Peru and Guatemala as part of a $600 million buying spree. Perea said Terra and its partner, U.S. long-distance telecommunications company IDT Corp (NasdaqNM:IDTC - news), were aiming their new network of Web sites at the Spanish-speakers in the United States. The sites include channels for news, sports, entertainment, science, chat rooms, business, employment services for professionals and immigration news. Terra holds 51 percent of the Web site network and IDT the rest. Terra and IDT's alliance will soon include Internet access services with about 45,000 customers. Terra has 90 percent of the access services business and IDT, based in Newark, N.J., holds the remainder. IDT Chief Executive Howard Jonas said the access services business could reach 1 million customers within 18 months. Terra will spend between $65 million and $85 million this year to market the service in the United States. Perea said the United States would account for about 20 percent of company revenues in three to four years. If the goal is reached, the United States would be Terra's second-biggest revenue generator just behind Brazil. More Quotes and News: IDT Corp (NasdaqNM:IDTC - news) StarMedia Network Inc (NasdaqNM:STRM - news) Telefonica SA (NYSE:TEF - news) Terra Networks (NasdaqNM:TRRA - news) Related News Categories: US Market News