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To: METMAN who wrote (8514)	4/11/2000 7:10:00 AM
From: Ruffian	Respond to of 13582

GTE pledges 13 billion dollars to Genuity's network build-out By Emily Bourne, Total Telecom 10 April 2000 U.S.-based carrier GTE said on Monday it will plough up to $13 billion into its Internet unit, Genuity, over the next five years. GTE said it will inject capital expenditures of $1.8 billion to $2 billion this year to accelerate network build-out. It will spend between $11 billion and $13 billion over five years. GTE has filed a registration statement for the IPO of Genuity, formerly GTE Internetworking. It needs to shed the Internet unit to gain regulatory approval for its acquisition by Bell Atlantic, which as a Baby Bell is not allowed to own an Internet business. Genuity provides services such as network access, Web hosting, intranet and e-commerce for corporates and service providers. GTE renamed the company last week, saying it must establish a separate identity prior to the spin-off. Genuity announced plans to expand the capacity of its network ten-fold, and to add Internet data centers. GTE, currently in a quiet period during its merger with Bell Atlantic, was unable to provide any further details. The American carriers last week said their joint venture would be called Verizon. The merger is awaiting clearance from the FCC. Verizon will have the option to buy back up to 80% of Genuity over the next five years, if the FCC concludes Bell Atlantic has opened up its market to competition.

To: METMAN who wrote (8514)	4/11/2000 7:17:00 AM
From: Ruffian	Respond to of 13582

UPDATE 1-Ericsson,Nokia,Motorola call London news conference (Adds background) LONDON, April 11 (Reuters) - The world's top three mobile phone manufacturers -- Finland's Nokia , Motorola (NYSE:MOT - news) of the U.S. and Sweden's Ericsson -- said on Tuesday they were calling a London news conference at 1400 GMT. The companies said in a statement they wanted to share the industry's views of the latest technology developments in the fast-emerging mobile electronic business market. No further details were immediately available. Motorola, Nokia and Ericsson are already linked via their Symbian joint venture with British handheld computer company Psion Plc (quote from Yahoo! UK & Ireland: PON.L) and Matsushita of Japan. Psion-led Symbian is built around Psion's EPOC operating platform, which has thrown down the gauntlet to U.S. computer giant Microsoft Corp's (NasdaqNM:MSFT - news) Windows CE and palmtop market leader Palm Inc (NasdaqNM:PALM - news) Palm OS rival technology. But the borders between alliances are becoming increasingly blurred in an industry that is braced for booming demand for smart, high tech cellphones as European governments put next generation mobile licences up for grabs. And there is more to the Symbian platform than EPOC. There are also layers of services dealing with WAP (Wireless Application Protocol), which connects mobile phones to the Internet, Bluetooth, which allows mobile devices to communicate with each other without wires, high speed General Packet Radio Switching (GPRS) network technology and other features that Windows CE and the Palm OS currently lack.