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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (12875)	2/17/2000 4:34:00 PM
From: WaveSeeker	Respond to of 18998

Thank you Mr. P$nk. Story follows... DJ Bestel Plans US,Mexican IPO -2: Global Light Owns 49% NEW YORK (Dow Jones)--Bestel SA said Thursday it plans to file for an initial public offering of its shares in the U.S. and in Mexico. In a press release, the Mexican broadband and Internet company said it expects to complete the offering in the second quarter of 2000, subject to market conditions and regulatory approvals. Bestel said it plans to use proceeds primarily to expand its fiber optic network. The company's network uses Mexican railroad rights of way and extends over 4,000 kilometers, with part of the network reaching into the southern U.S. Global Light Telecommunications Inc. (GBT) of Vancouver, B.C., owns 49% of the company, with a unit of privately held Mexican firm Varo SA holding the remaining 51%. -Michael Makdad; Dow Jones Newswires; 201-938-5400 (END) DOW JONES NEWS 02-17-00 02:39 PM