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Technology Stocks : Viatel (VYTL) -- Ignore unavailable to you. Want to Upgrade?


To: JakeStraw who wrote (139)2/29/2000 9:52:00 PM
From: debra vogt  Respond to of 157
 
Related Quotes

T
VYTL
49 3/8
56 5/16
+4 3/8
+1 5/16

delayed 20 mins - disclaimer


Tuesday February 29, 9:41 pm Eastern Time
Viatel agrees to buy AT&T's UK arm-FT
LONDON, March 1 (Reuters) - Global telecommunications provider Viatel Inc has agreed to buy the UK arm of long-distance telephone carrier AT&T in a deal thought to be worth up to $200 million, the Financial Times reported on Wednesday.

The deal would allow Viatel to extend its fibre-optic broadband network to a further 10,000 to 15,000 mainly business customers in 19 UK cities, the newspaper said.

It said the sale followed the launch last year of Concert, a 10 billion pound joint venture between AT&T and British Telecom Plc (quote from Yahoo! UK & Ireland: BT.L).

It was suggested that AT&T would be well advised to sell its UK subsidiary to pave the way for the venture's approval by European regulators, the Financial Times said.

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More Quotes
and News: AT&T Corp (NYSE:T - news)
Viatel Inc (NasdaqNM:VYTL - news)

Related News Categories: US Market News



To: JakeStraw who wrote (139)3/2/2000 5:03:00 AM
From: 2MAR$  Read Replies (1) | Respond to of 157
 
Viatel Reports Record Fourth Quarter 1999 Results 150% Increase in Revenue over 4Q98 $333 Million in Revenue for 1999

biz.yahoo.com

"""Through a combination of organic growth, acquisitions and strategic alliances, we are well on our way to becoming Europe's premier integrated communications services provider.'"""

Love it when they grow --->organically!
( Must be the Ripple effect! LOL!)

***nice move yesterday into earns, more today?

tia,

2MAR$