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Technology Stocks : Metromedia International Group (MMG) Looking for Opinions -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (87)	11/18/1997 8:50:00 PM
From: TheSlowLane	Respond to of 353

Kazakhstan or Bust! Talked to the person that recommended MMG to me today and heard that while Kluge may be guilty of tending to put his own interests before his shareholders this is a long-term investment with lots of potential. Having followed WinStar closely for the past year has given me an appreciation of the advantages that can be reaped by deploying wireless technologies. Clearly MMG understands that and is aggressively pursuing this in their rollout. I just have this feeling that this is one of those stocks I'll end up wishing I'd bet my house on. But, I could be wrong. Metromedia International Group Now Licensed to Provide Full Range of Telephony Services in Kazakhstan November 18, 1997 07:06 PM EAST RUTHERFORD, N.J.--Nov. 18, 1997-- Metromedia International Group, Inc. AMEX through its wholly owned subsidiary, Metromedia International Telecommunications, Inc. ("MITI") announced today that Instaphone, the Company's joint venture in Kazakhstan, received an operating license to provide local, long distance, and international telephone services; leased phone line services; and data services for a period of ten years using wireless local loop technology. Instaphone also received a frequency license for the Almaty region in the 2.3 to 2.5 gigahertz band to provide the wireless local loop services indicated in the operating license. Kazakhstan is a country of 17.4 million people with a current teledensity of only 14% (14 telephone lines per 100 population). Current rural teledensity is a mere 7% and urban teledensity is currently just 18%. Almaty is the capital city with a population of 2.5 million people. Upon receiving news of the license grants, Stuart Subotnick, President and Chief Executive Officer of Metromedia International stated: "Instaphone's ability to rapidly deploy wireless local loop systems at a lower cost than wired or GSM implementations will make Instaphone a significant force in telecommunications in Almaty, Kazakhstan". He went on to say: "Kazakhstan is typical of the countries in which we operate in that the telephony penetration rate in the region is extremely low, representing a significant upside opportunity for Metromedia International. With 17.4 million people in Kazakhstan, a 12% increase in teledensity could represent 300,000 subscribers for Instaphone." Installation of the first subscriber lines is expected to begin before the end of 1997. Metromedia International Group, Inc. is a global communications and media company. Through its wholly owned subsidiary, MITI, it operates communications and media businesses in Eastern Europe, the former Soviet Union and other emerging markets including wireless cable television stations; FM radio stations; radio paging operations; an international toll calling service; Trunked Mobile Radio systems, and GSM cellular operations. Through its 57% ownership of Metromedia Asia Corporation, MITI operates ventures supporting wired telephone network and GSM cellular system operations in China.