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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: Ol Claus who wrote (40846)	3/19/1999 1:18:00 PM
From: Howard C.	Respond to of 50264

Check out the last two paragraphs. Does it look like ATT or BT are having a PROBLEM making inroads? Do you think they NEED a company like DGIV? Are you kidding? So...which would you rather own, ATT or DGIV? Who are you kidding? Only yourself. TOKYO (Reuters) - AT&T Corp. (NYSE:T - news) and British Telecommunications Plc are in final negotiations to buy a combined 30 percent stake worth $1.3 billion in Japan Telecom Co., according to Japanese news reports Friday. BT is expected to take a 20 percent stake and AT&T 10 percent in Japan's third-largest long-distance carrier, Nihon Keizai Shimbun quoted unnamed industry sources as saying. But this may change as Japan Telecom hopes BT and AT&T will take equal stakes, it added. ''Nothing has been decided at this moment,'' a spokesman for Japan Telecom said. BT and AT&T, which formed an alliance in international phone calls last July, declined to comment on the reports. ''We talk to people around the globe all the time. Japan is an important market for any international operator,'' a BT spokesman said. Japan Telecom has yet to obtain approval for the tie-up from its major shareholders, including East Japan Railway Co., West Japan Railway Co. and Central Japan Railway Co., Jiji Press reported, citing informed sources. A capital investment by AT&T and BT would give the companies a crucial foothold to crack open Japan's telecommunications market, analysts said. If the deal goes ahead, it would be a first between global telecom giants and a large Japanese carrier, although the 30 percent stake will not give the foreigners management control. Shares in the companies rose on the report, with Japan Telecom's stock suspended from trading after rising 16.39 percent to 1.42 million yen ($12,100), while BT shares gained 3.2 percent to 10.05 pounds ($16.38) in early trade. AT&T rose $1.19 to $83.31 on the New York Stock Exchange shortly before midday Friday. Market speculation that Japan Telecom was actively seeking foreign partners had pushed up the company's stock by 40.23 percent in the past year. Foreign operators are scrambling to make inroads into Japan's telecom market, an important missing link as they try to offer seamless data service that covers the global market. Tokyo has only recently fully opened the market to foreign investors, although the government has maintained a restriction on outside ownership of 20 percent or more in the dominant carrier Nippon Telegraph & Telephone Corp.