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Technology Stocks : Clearnet, the Canadian wireless play (CLNTF) -- Ignore unavailable to you. Want to Upgrade?

To: Ken Turetzky who wrote (130)	1/30/1999 4:49:00 PM
From: Poseidonas	Read Replies (1) \| Respond to of 214

To Ken and ALL Further to some concerns that an offer cannot be made to Clearnet until a decision is made on removing the PCS spectrum cap in May as mentioned in today's Star, I submit the following scenarios where by an offer can be made: 1. If Clearnet is split up between BCT.Telus and Bell Mobility then the spectrum does not need to be removed since it would not be a factor in this scenario. This is because neither BCT.Telus or Bell Mobility would own dual PCS licenses which would overlap territories covered by their existing PCS licenses. 2. If Bell Mobility alone was to purchase Clearnet alone, then they would hold dual PCS licenses in Ontario and Quebec only. This means without having to remove the PCS spectrum, Bell Mobility would have to either sell its existing PCS license for Ontario and Quebec or give it back to CRTC. A small price to pay for a national PCS license. 3. A conditional offer is always possible, pending the decision in May. Regardless of which avenue is taken, I don't think the market expected the news of a decision being made as early as May this year. That is why the market reacted amazingly. All we need now is for one of the newspapers to discover and print information regarding Clearnet's sale price. As Zeus mentioned previously, Clearnet is looking for $30/share. This is not unreasonable. Poseidonas