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 : AWS(Alberta): Alexander News: African Telecom -- Ignore unavailable to you. Want to Upgrade?

To: rdww who wrote (1)	10/19/1998 11:06:00 AM
From: rdww	Read Replies (1) \| Respond to of 6

i guess here is part of my what next question - structure for a deal to move telecommunications into 23 countries in Africa as well as a deal to go ahead quickly in 5 of those countries w/ an almost 50% return over the initial project period ! Interest in COMESAnet (Mauritius) acquired Alexander News International Inc AWS Shares issued 5,333,465 Oct 16 close $0.75 Mon 19 Oct 98 News Release Mr. Donald O'Sullivan reports Alexander Resources has acquired a 25 per cent equity interest in COMESAnet (Mauritius) Limited. COMESAnet Limited is sponsored by the Eastern and Southern African Trade and Development Bank commonly known as the PTA Bank. COMESAnet entails the establishment of a privately owned telecommunications data network throughout the COMESA region. COMESA stands for the Common Market for Eastern and Southern Africa, which evolved, from the Preferential Trade Area Treaty of 1981. The COMESA region covers 23 countries in Southern and Eastern Africa with a population of approximately 385 million. The main objectives of COMESA is "the promotion of co-operation and development in all fields of economic activity, particularly in trade, customs, transportation, communications, agriculture, natural resources and monetary reform with the overall aim of raising the standard of living of its people, of fostering closer relations amongst member states and of contributing to the progress and development of African countries.". The PTA bank was founded by certain COMESA countries to make the member states economically compatible and to promote trade and development. The shareholders of the PTA bank are Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Malawi, Mauritius, Rwanda, Somalia, Sudan, Tanzania, Uganda, Zambia, Zimbabwe and the African Development Bank. COMESAnet will provide a reliable and cost effective data and voice network among institutions in the region. The Wide Area Network will effectively enhance the region's capacity for the electronic transmissions of information nationally, regionally and globally. Users of the network will include central banks, commercial banks, brokerage firms, stock exchanges, retail stores, custom departments, immigration departments, academic institutions, hospitals, and law enforcement agencies. The countries in which the network will be initially installed are Kenya, Malawi, Uganda, Zimbabwe and Zambia. The network will use satellite transmission technology in which reliability has routinely been recorded at 99 per cent and has the ability to interface with wireless technology and local loops. Accordingly COMESAnet will implement Very Small Aperture Terminal (VSAT) technology which is inexpensive, efficient, reliable and has the capacity to interface with the technologies currently used by COMESA member states. The total capital expenditure over the initial project period is $7,000,000 (U.S.) with estimated gross revenues in the same period of 12,000,000 (U.S.). The shareholders of COMESAnet Limited are Oceania Limited London with 40 per cent, the PTA Bank with 30 per cent, Alexander Resources International with 25 per cent and Glotel Limited with 5 per cent. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com