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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: zbyslaw owczarczyk who wrote (8759)	12/31/1998 2:21:00 AM
From: pat mudge	Read Replies (1) \| Respond to of 18016

Zbyslaw -- From Dow Jones: <<<< December 31, 1998 Business and Finance - Asia Singapore Telecom Considers Raising Its Stake In Belgacom NEW YORK -- Singapore Telecommunications Ltd. Wednesday said it might raise its 12.15% stake in Belgacom SA if the Belgian government decides to sell its remaining stake in the country's former phone monopoly. "We will consider if we are invited," SingTel said. Further details weren't provided. Belgian Prime Minister Jean-Luc Dehaene told the Le Soir newspaper that the government at some point will have to decide about the privatization of Belgacom, although it has no concrete plans to sell its 51% stake in the company at the moment. Belgacom's other big shareholders include Chicago-based Ameritech Corp. and Denmark's Tele Danmark AS. Separately, Singapore Telecom said it has secured an international simple resale license in Hong Kong, allowing it to provide international direct-dial services in the neighboring territory. Hong Kong Telecommunications Ltd. loses its monopoly on international calls on Jan. 1. <<<< NN with Belgacom: prodweb.newbridge.com NN with SingTel: prodweb.newbridge.com And putting them all together prodweb.newbridge.com P. Eric: First of all, you must understand that Belgacom is a major player in this field. Historically the national Belgian operator, the company is now publicly owned, with 51 per cent held by the Belgian state and 49 per cent owned by a private international consortium made up of three major operators: Ameritech, TeleDanmark and Singapore Telecom. With 26,000 associates and 4.8 million lines installed, Belgacom's revenues are over 24 billion francs with a net profit of over two billion. The dynamics of the French market and its openness to competition present an excellent opportunity for Belgacom to expand further.