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Technology Stocks : Pacific Internet Next HOT IPO? -- Ignore unavailable to you. Want to Upgrade?

To: Steve Smith who wrote (316)	3/2/1999 3:30:00 AM
From: blankmind	Respond to of 912

HK Telecom buys Taiwan Internet service provider Tuesday March 2, 3:08 am Eastern Time HONG KONG, March 2 (Reuters) - Hong Kong Telecommunications Ltd said on Tuesday it has acquired 85 percent of FIC Network Service Inc, a subsidiary of Taiwan's First International Computer Inc , for T$157.25 million (HK$38 million). FIC Network Service is an Internet service provider in Taiwan but is currently not profitable, Hongkong Telecom said. (Note: this article is ''in progress''; there will likely be an update soon.)