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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (9172)	5/26/1999 10:49:00 AM
From: FJ	Read Replies (1) \| Respond to of 52051

SW: TLMD News: Telemonde Inc (TLMD) announces conditional agreement to purchase 100% of the outstanding shares of EquiTel Communications Limited NEW YORK, USA, May 26 /CNW-PRN/ - Symbol TLMD. Telemonde Inc (''Telemonde'') is pleased to announce that it has reached conditional agreement to purchase 100% of the issued and outstanding common shares of EquiTel Communications Limited (''EquiTel'') a UK based telecoms company specializing in telecommunications traffic route management, intelligent network services and advisory services. The consideration will be paid in 3-year promissory notes - the value to be agreed between the parties after the board of Telemonde have received a valuation prepared by its investment bankers. The transaction has an estimated value of approximately $20 million of initial consideration with additional deferred consideration payable on an earn out basis over two years. The deal, which is subject to contract, is anticipated to close on or before June 30, 1999. EquiTel's clients and partners include: Telecom Italia (TI), MCI Worldcom (WCOM), General Telecommunications Organization (Oman), Unisource Carrier Services, North American Gateway Maltacom, ITS (Spain) and Net Industrial Holdings (South Africa). EquiTel which specializes in emerging markets is particularly active in the Middle East, Africa, the India subcontinent, and Central and Eastern Europe. EquiTel will bring to Telemonde substantial repeat telecommunications revenues (1999 estimated revenues $23.4 millions; 2000 estimated revenues $103.5 millions) through integrating the route management of international traffic and retail customers from intelligent network platforms in alliance with telecoms carriers or PTTs. EquiTel will bring a significant number of client relationships, which can be further expanded by Telemonde's existing infrastructure and network services business. This news release contains certain forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the control of Telemonde, Inc. Source Telemonde Inc. CO: Telemonde Inc. ST: New York IN: TLS SU: 05/26/99 08:58 EDT prnewswire.com