To: Rick who wrote (1028 ) 3/28/1998 10:47:00 PM From: Secret_Agent_Man Respond to of 7703
Digitcom Acquires Indonesian Internet Service Provider for IP/Telephone Network SANTA MONICA, Calif., March 27 /PRNewswire/ -- Digitcom Corporation 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''MobileCallback''. Now there is a mouthful. The street has all weekend to chew on this then Bite into DGIV on Monday for breakfast, tuesday for lunch and wednesday for Dinner, thursday for dessert. Friday they will digest the meal then rest over next weekend and the following go back for seconds. bg