Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (4436)	2/21/2000 8:17:00 PM
From: TechMkt	Respond to of 15615

GBLX trying to get another piece of the Latin American market. Fez ____________________________ Monday February 21, 7:38 pm Eastern Time Honduras says 7 firms bid on phone company MEXICO CITY, Feb 21 (Reuters) - Honduras said on Monday that seven international telecommunications companies had presented bids in the government's auction of a 51 percent stake in state telephone company Hondutel. The Finance Ministry said France Telecom , Mexico's Telmex (NYSE:TMX - news) and Avantel had placed bids. MCI WorldCom (NasdaqNM:WCOM - news) holds a 45 percent stake in Avantel. Other bidders were Spain's Telefonica de Espana , through a subsidiary, Chile's Entel , Global Crossing LTD (NasdaqNM:GBLX - news) of the United States, and India's Videsh Sanchar Nigam Ltd . Honduras expects to announce the winner of the auction in May and complete the transaction in June, Finance Minister Gabriela Nunez said. Hondutel operates 279,000 fixed telephone lines and has requests for some 600,000 more than it has not been able to meet because of its limited finances.