Steve,
Hope this helps!! Kathy Knight-McConnell (Investor To Investor) is busy doing a ton of "due diligence". Please read the entire post from Kathy. Much of her research was in Spanish and it will take some time to interpret and make it available to us. Meanwhile, I think you will agree, "WE'RE IN THE BIG LEAGUES"!!!! Much more to come in the next few weeks. That you can take to the bank!
"Grupo Brad de P & P Man"
We have some great news from DCI Telecommunications! After you read the news
release you will see below some information that I have located on Retivision.
It is really a great agreement with a very respectable company in Spain.
Kathy Knight-McConnell
Investor to Investor
investortoinvestor.com
DCI Achieves CLEC Status in Spain
Stratford, Conn., Feb. 24, 1999/PRNewswire/ -- DCI Telecommunications, Inc.
(OTC Bulletin Board: DCTC) today announced it will begin operating as a
Competitive Local Exchange Carrier (CLEC) throughout Spain as a result of an
agreement with Retevision. The agreement allows DCI to offer its
telecommunications services utilizing Retevision's Government license as a
CLEC. In effect, DCI will become an alternative local carrier to Telefonica
de Espana. DCI customers will be able to place phone calls anywhere within
Spain at competitive, and in some cases, significantly lower rates than
currently obtainable from the other carriers.
Retevision, based in Madrid, is the national cable television service
provider in Spain and has the capability to provide service throughout the
country. By establishing a network of wireless transmission facilities,
over which its signal can be broadcast countrywide, it has implemented a
creative solution to the costly process of running wire across the
mountainous topography which is prevalent throughout much of Spain.
Retevision's wireless network has been modified to allow DCI to seamlessly
transmit its telecommunications services. Currently, Retevision is
installing wireless transmission equipment within DCI's new Madrid office.
The result is an inexpensive alternative to the "hard-wired" solutions.
This affiliation is indicative of the growing industry trend toward
packaging cable and telecommunication services in order to achieve economies
of scale. In the United States, AT&T recently announced it will purchase
TCI Cablevision to gain low-cost regional bandwidth capability and access to
a large local customer base.
Back in January, Spain became the latest European country to deregulate its
telecommunications industry. DCI has been building its infrastructure in
Spain, over the past year, to be in a position to take advantage of this
deregulation. DCI has been targeting Spain as an integral part of its
European expansion plan, as the opportunity for market growth and profit
potential is great within this region. With a population of more than 39
million, Spain also attracts more than 40 million annual tourists. The
current annual telecommunications market in Spain is nearly $10 billion.
DCI is anticipating annual traffic in excess of $100 million for its CLEC
business in Spain.
DCI is in the final stages of selecting a supplier for three additional
switches to be deployed in Madrid, London and New York. Due to the
complexity and expense involved, additional institutions have been invited
to submit proposals. At present, the proposals are being reviewed by
management's analysts. Although this has delayed the deployment of these
switches, it has become apparent from the additional proposals submitted
that considerable cost savings as well as technological flexibility will be
gained through this process. Management wants to avoid entering into any
deal that would act as a drag on the future earnings capability of the
Company. It is in its best interests to continue negotiations until a
suitable transaction or series of transactions can be finalized.
Joseph J. Murphy, DCI's president and CEO, also indicated that negotiations
for additional financing is underway to acquire additional switches, retire
the outstanding convertible preferred issue, as well as provide operating
capital to assist this phase of the Company's growth plan.
This release does not constitute an end to the Company's quiet period which
was announced on December 18, 1998.
DCI Telecommunications is a global provider of telecommunications services,
including long distance, prepaid phone cards and Internet services. It has
an extensive distribution network throughout North America, Europe and the
Far East. The Company owns and operates switching facilities in Canada, the
United Kingdom, Spain and Denmark, with facilities planned for the United
States in the near future. There are currently 10 operating facilities
worldwide, serving customers in eight countries. DCI recently announced a
planned merger with Wavetech International (Nasdaq: ITEL) which is expected
to take place sometime in April, 1999. DCI recently reported sales of $28.1
million for the nine months ended December 31, 1998 versus $8 million in the
comparable prior-year period. DCI trades on the OTC Bulletin Board under
the symbol DCTC. Additional information can be obtained directly from the
company or its web site at dcic.com.
#####
/Contact: Craig K. Murphy Director, Investor Relations DCI
Telecommunications, Inc., 203-380-0910 ext. 3108, email
InvestorRelations@dcic.com, www.dcic.com/
RETEVISION is the public entity in Spain responsible for operating the public
telecommunications system and the transmission of radio and television
signals.
1992 was a year full of challenges for RETEVISION, all of which were
satisfactorily met. This public entity is entrusted with the exclusive
management and operation of the public network for telecommunications and
broadcasting of radio and television signals throughout the entire country.
The extension of this television coverage, the events of '92 (RETEVISION
transmitted the images of Barcelona's Olympic Games to the whole world, from
Catatrava Tower in Barcelona) and the launching of the Hispasat emission are,
doubtlessly, the most important facts.
Every day, RETEVISION brings its signals for public and private television
channels to household receptors, through a complete network of
telecommunications, with more than 1,200 installations distributed all over
Spain.
Its network transports and disseminates the signals of public and private
television channels and it is also the entity entrusted to carry out the
National Technical Plan for Private Television in effect since 1989, designed
by the Spanish government to bring private TV channels to 80% of the Spanish
population within six years time.
Only three years later, RETEVISION had inaugurated more than 200 centres of
emission which diffuse a new audiovisual offer whose channels reached in
December, 1992, 29.5 million inhabitants, a figure very close to the 80% of
the population aimed at by the Plan.
Throughout 1992, it actively participated in the TV coverage of the great
international events taking place in our country: the Universal EXPO Seville
and the Olympic Games in Barcelona.
Having achieved the proposals set out by the National Technical Plan of
Private Television two years ahead of the legally established deadline,
RETEVISION now aims at bringing television to the entire country as a public
service, a goal of the Plan Nacional de Telecomunicaciones (PNT, National Plan
of Telecommunicacions) which would mean that somewhere around the year 2002,
100% of the population would be covered by public television and 98% by
private TV.
With this purpose in mind RETEVISION has designed a Plan of Integral Coverage,
the first phase of which was signed on April 18, 1994 with the three
concessionaires of private channels (Antena 3, Telecinco and Canal Plus). This
entails installing 1,054 transmission centers during the period 1994-1996. In
order to put this into effect, the Public Television Entity projects huge
investments, using its own funds in addition to obtaining other funding, given
the Plan's low profitability owing to the exiguous population in the areas
affected.
In addition to tackling the above Plan, coverage has been extended, and in
1994, among other actions, 93 new services for each one of the three private
channels, 71 for TVE-1, 70 for TVE- 2 and 5 for the channels of the Autonomous
Communities have been installed, meaning that by Dec. 31, 1994, the private
channels (much more recent than public TV) were reaching some 81% of the
population and public TV coverage varied between 93 and 99%.
In 1993 Television via satellite's trial transmissions were initiated using
the HISPASAT satellite.
1994 was the year during which these broadcasts were consolidated thanks to
this satellite system. RETEVISION has been equipped to offer this new service
owing to the acquisition of fixed ground and mobile networks for sending
signals, in addition to the use of the spacial capacity of the Satellite
System (HISPASAT 1A and 1B), to which twelve transponders are leased and offer
the following services:
Television (national distribution, direct broadcasting channels and "Misión
América").
Radio (analog and digital).
Other services (radio messages and business networks).
It is necessary to underscore the increase in the number of radio stations
using RETEVISION's services. Particularly, during 1994, nine new radio
stations began using the transmission services of this Entity with 13 new
services. We should also mention that the distribution of Radio Via Satellite
signals has been initiated.
During 1994, with the exception of some wires that are still being
implemented, the Wide Band Digital Network of 140 Mbits, which transports all
types of signals, became practically entirely operational.
The capacity of this Network and the liberalization process involving
utilities established within the European Union, boasts new perspectives for
the distribution of all kind of services.
Specifically in 1994, besides acting as a carrier service for Radiobúsqueda
(search) and Control of the multiple accesses to mobile service of ground
radio communication (Trunking), it has been authorized by the Administration
to supply carrier services to the Telefonía Móvil Automática. At the time,
bearing in mind the liberalization of Telecommunications, the necessary
processes have been carried out for supplying services for the Rental of
Circuits.
These activities are designed to identify RETEVISION as a Telecommunications
Operator without relinquishing its main function as an Operator of Television
and Radio Signals. In this fashion it benefits the liberalization process
under way, as the Network's infrastructure allows it to accelerate the
introduction of the services of new suppliers that are being authorized.
The income derived in 1993 from supplying services ascended to 30,092 million
pesetas, which represents an increase of 4.6% over the preceeding financial
year. Rates showed an average increment of 1.6%.
Throughout 1994, a policy of reducing expenditures and improving operational
efficiency has been maintained, which means that the Gross Result of
Exploitation will rise to 14,143.7 million pesetas, 10.7% more than during the
1993 financial year (it had shot up 24% with respect to 1992). These figures
five an idea of the efforts that this public entity is making to enhance
operational efficiency and to maintain rates below the cost-of- living index.
If you need more information about RETEVISION, please send a message to Jesús
Solana, Subdirector de Servicios de Contribución de RETEVISION, or write/call
to:
Mr. Joan Oest
Jefe de Área de Gestión de Sistemas por
Stélite.
Paseo de la Castellana, 83
28046 MADRID
Spain
Phone Number: 34 1 597-0986
sispain.org
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