Mobistar will launch IPO on Brussels bourse

Article Abstract:

Mobistar, a mobile-phone operator based in Belgium, will conduct an initial public offering (IPO) of shares on the Brussels, Belgium's stock exchange to generate between 10.8 billion Belgian francs ($310.2 million) and 12.3 billion Belgian francs ($353.3 million) to fund its growth. The firm said that it will offer 3.5 million new shares and 5.8 million existing shares in the IPO that starts Sep. 23, 1998 to Oct. 1, 1998. Mobistar will offer the shares at a fixed price, which is determined after the book-building on Sep. 22, 1998 and Sep. 23, 1998, closes. Mobistar will start trading on the Brussels bourse by Oct. 6, 1998.

Comment:

Will conduct an IPO on Brussels, Belgium's stock exchange to generate between $310.2 mil & $353.3 mil to fund its growth

Organizational history, Mobistar

---

KPN-Orange Group gets Belgian license

Article Abstract:

KPN Orange Belgium NV, a 50-50 joint venture between Koninklijke PTT Nederland NV and Orange PLC of UK, has been awarded with the license to operate the new GSM 1800-Network, the third mobile phone license awarded by the Belgium government. As part of the transaction, KPN Orange will pay 440 million Dutch guilders or $217.6 million in license premium to the Belgium government and is expected to spend over 1.1 billion guilders to establish a new network. KPN Orange noted its network will be up and running by April 1999, launching products that carry the name "Orange."

Comment:

Is awarded license to operate new GSM 1800-Network by the Belgium government

New orders received, KPN Orange Belgium NV

---

Germany to seek 200 million marks for cell license

Article Abstract:

Article focusing on Germany's intent to begin bidding for the next generation of mobile-phone licenses. The bidding will begin at 200 million marks (Euro102 million) and Germany will ask for foreign participation.

Germany, Contracts & orders received, Telecommunications services industry, Telecommunications industry, Telecommunications equipment industry, Licensing agreements

Similar abstracts:

• Abstracts: Israeli fast attack vehicle on trial. Underwater night vision for special operations. Israeli ACE-upgraded F-16 will take to the skies next year
• Abstracts: Striker II multi-sensor scout/recce vehicle. Displays slim dow for vehicle use. Stealthy PANTERA seeks out new markets
• Abstracts: Media group wins two court battles. Nilesat to end TV monopoly? Prima wants primetime
• Abstracts: Thomson-CSF moves to private sector. Philips expects a dismal year for global electronics sector. PPR launches e-commerce initiative
• Abstracts: U.K. Yellow Pages, Equifax will supply new IT products. EBay cuts fee, suspends plan after protests. Cyber auctioneers are drawing bids of U.S. investors

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.