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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (2301)	2/2/2000 1:17:00 AM
From: Harmony	Read Replies (1) \| Respond to of 3873

THANK YOU! Do you expect this earnings run up to last? LVLT has alot of good news right now. Hong Kong Govt to Issue 13 New External Fixed Phone Licenses By Joshua Fellman and Mike Yee Hong Kong Govt to Issue 13 New External Fixed Phone Licenses Hong Kong, Feb. 1 (Bloomberg) -- Hong Kong awarded 13 new licenses that to allow companies bring new land and sea telephone cables to the city, completing the city's deregulation of its telecommunications market. AT&T Asia Pacific Group Ltd., MCI Worldcom Asia Pacific Ltd., NTT Com Asia Ltd. and CLP Holdings Ltd., were among the licensees that now have the right to compete directly against Cable & Wireless HKT Ltd., Hong Kong's former monopoly phone company. ``Hong Kong has made a major step to fully liberalize our external facilities-based market,' the government said. ``We are highly encouraged by the positive response to our invitation for applications.' Hong Kong is one of the most deregulated markets in Asia for telecommunications. Singapore recently announced the early liberalization of its rules. The 13 licensees, who will formally gain their licenses after they finish their planning and preparation work, promised to spend HK$9 billion ($1.16 billion) on their facilities during the next three years. The other licensees included Asia Global Crossing Hong Kong Ltd, BT (H.K.) Ltd., CTI International Ltd., Far East Gateway Ltd., Flag Telecom Asia Ltd., Global One Communications Ltd., Level (3) Communications Ltd., PSINet Hong Kong Ltd., and Unicom International (HK) Ltd. A total of 11 submarine cables and four land cables will be brought to Hong Kong. One licensee, Far East Gateway, will bring in one land cable and one submarine cable.