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Microcap & Penny Stocks : DGIV -- Good Prospects? -- Ignore unavailable to you. Want to Upgrade?

To: Secret_Agent_Man who wrote (833)	3/27/1998 7:21:00 AM
From: Mark Jenkins	Read Replies (3) \| Respond to of 7703

Digitcom Acquires Indonesian Internet Service Provider for IP/Telephone Network PR Newswire - March 27, 1998 06:30 DGIV %TLS %TNM V%PRN P%PRN SANTA MONICA, Calif., March 27 /PRNewswire/ -- Digitcom Corporation (OTC: DGIV) announced today the extension of its IP/Telephone Network into Indonesia with the signing of an agreement to acquire all the stock of PT. Primedia ArmoEkadata Internet. This acquisition gives Digitcom unique access to the Indonesian market in that all licenses to operate Internet Service Provider (ISP) services in Indonesia have been issued and no further licenses are contemplated by the Government. "Acquiring Primedia ArmoEkadata will provide the most rapid extension of our Digital Long Distance Corporation subsidiary's telecom services within Indonesia," observed Digitcom CEO Jimmy Chin. "Plus it provides the network infrastructure and access to implement plans on the drawing board with our joint venture partner, Indosat, for the delivery of IP long distance services between North America and points throughout Indonesia." All necessary transactions are slated to complete within 60 days for the transfer of stock and licenses to Digitcom's Indonesian operating unit. Digitcom is an international telecommunications and data network company working with regional and national telephone companies internationally to establish international long distance networks. The company is a leader in Internet voice communications technology and is marketing its Internet-based telephony products under its brands: "Faxport," "NetCall," "VOXport," and "Mobile Callback".

To: Secret_Agent_Man who wrote (833)	3/27/1998 8:10:00 AM
From: sandstuff	Respond to of 7703

Indosat, "the sole provider of international telecommunications in Indonesia" Here's some info on the joint venture partner, Indosat. It's off their website. PT. Indonesian Satellite Corporation (Indosat) was established in 1967 as an indirect wholly-owned subsidiary of International Telephone and Telegraph Corporation (ITT). In 1969, Indosat commenced its commercial operation and has been the primary provider of international telecommunications services in Indonesia, directly linking Indonesia to approximately 252 countries and destinations worldwide. Indosat's principal business is to provide international switched telecommunications services and non-switched international telecommunications services. Indosat was selected by the Government of Indonesia to built, transfer and operate for a period of 20 years an Intelsat earth station in Indonesia to access use of Intelsat's capacity on Indian Ocean Region (IOR) satellites. In 1980, ITT sold Indosat to the Indonesian Government. After the transfer, Indosat became a state-owned limited liability corporation, and the sole provider of international telecommunications in Indonesia. At that time, the Indonesian Government transferred its ownership in Indosat's facilities to Indosat. In 1982, in order to separate effectively the domestic and international telecommunications networks, all of Perumtel's ownership in international submarine cables and its international operators and gateway in Jakarta were transferred to Indosat and Indosat transferred certain assets related to the domestic telecommunications system to Perumtel. In October 1994 Indosat completed an initial global public offering of shares. The shares are traded both in Jakarta Stock Exchange (JSX) and New York Stock Exchange (NYSE). Indosat has managed rapid introduction of new telecommunications technologies and greatly expanded the scope its services in Indonesia. Since its operation, Indosat's telecommunications infrastructures has been expanding in its capacity and increasing in its quality. In the effort of reaching its vision, Indosat has been implementing its business strategy known as "1-plus-3". The business of Indosat has grown rapidly in recent years reflecting both the overall economic growth Indonesia and the increased emphasis placed by Indonesian Government on expanding and improving the national telecommunications network.