Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (36050)	9/18/1998 10:09:00 AM
From: J Fieb	Read Replies (1) \| Respond to of 50808

Can someone figure out if this is just good news, or really good news? Thanks CANAL + Announces Cable Partnership With Callahan Associates International, Capital Communications CDPQ, BancAmerica Equity Partners, GE Capital And Angelo Gordon CHICAGO, Sept. 17 /PRNewswire/ -- CANAL +, the French based media group, announced today that Exante, a company representing a group of investors brought together by Callahan Associates International (CAI), the global communications development company, will purchase a 37 per cent stake in Numericable, CANAL +'s cable operation in France. The companies funding Exante are Capital Communications CDPQ, BancAmerica Equity Partners - Europe, GE Capital Structured Finance Group and CAG (France), a joint venture between CAI and Angelo Gordon. Capital Communications CDPQ is a major Canadian private investment subsidiary of pension fund Caisse de depot et de placement du Quebec Numericable's operations encompass two million franchise homes in towns and cities around France. The investors' share in Numericable will be held through Exante. Numericable, which recently re-launched its services with a new name, a new brand image, and a new range of digital pay television services, is aiming to develop and grow the company and expand its customer base. Numericable currently has 600,000 customers, in 33 towns and cities around France, including the Paris suburbs, Lyon, Toulouse, Nice and Grenoble, which it provides with a wide range of cable television services. The group plans to extend its services to include a range of telecommunications products. Commenting on the deal, Pierre Lescure, President of CANAL + ''The team at Callahan Associates has solid, worldwide experience in the development of cable operations. Their specialist knowledge of this sector will be invaluable in helping us execute the most effective strategies for the success of Numericable.'' Richard J. Callahan, Chief Executive of CAI said: ''We have the highest regard for CANAL +, which has been an unequivocal success in the European media industry, both in content and in distribution. In the multichannel TV market the company's innovations at Numericable are leading the way in developing innovative marketing techniques and programming packages to meet the demands of the sophisticated French appetite for pay television. Numericable's management team reflects a focus and dedication to improving this business which is unrivaled in France.'' SOURCE: CANAL +