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

To: donkeyman who wrote (3392)	1/24/2000 2:05:00 AM
From: Jeffrey D	Read Replies (1) \| Respond to of 3519

Remember Livedoor? Japanese free ISP using X-Stream software. Well they also have a Lucent connection and an IPO is planned. Also, and of interest, the president of New World Telecom, Chirinjeev Kathuria, is quoted in the story below. Interesting in that Kathuria was or is an executive director of X-Stream and that New World is the largest shareholder of Livedoor. In addition, the Livedoor Lucent deal was done last April and X-Stream's Lucent deal was done last March. Kathuria was involved in both deals. From Telecom Financing Week of 01/03/2000. Jeff << Japanese ISP Raises Cash From Venture Group -------------------------------------------------------------------------------- Livedoor, Japan's first free Internet service provider, recently raised US$30 million from U.S. private equity group, Newbridge. Chirinjeev Kathuria, president of Oak Park, Ill.-based New World Telecom, the largest shareholder in Livedoor, said the investment from Newbridge will help the company aggressively go after new subscribers; the portal is targeting more than one million subscribers by the end of 2000. Kathuria said the company already has between 50,000 and 60,000 subscribers, after it started services Nov. 1. Kathuria said Livedoor teamed up with Newbridge because it has excellent relationships throughout the Asia Pacific region, which will help Livedoor expand into other Asian markets. HSBC Securities (Japan) Ltd. advised Livedoor on the transaction. Kathuria said HSBC was chosen based on New World Telecoms relationship with the bank. Livedoor wanted to add a partner that could inject equity into the company because it has an existing liability of US$40 million in vendor financing from Lucent Technologies Lucent loaned Livedoor US$40 million in a two-year deal last April. The next fund raising exercise for Livedoor probably will be an initial public offering; the timing and amount will be determined when the company needs more funds, Kathuria said. Copyright Institutional Investor, Inc. 2000 /Tel: +44-171-779-8999/www.telecomfinancingweek.com >>