Offerings of UPC, Equant shares elicit demand

Article Abstract:

United Pan-Europe Communications NV (UPC) saw its share value increase by 26% on their first trading day in Amsterdam. The share value increase occurred after the company concluded a 1.16 billion euro ($1.30 billion) offering. Equant NV's shares also rose in value in Paris as bankers concluded a $3.6 billion secondary offering. UPC's share rose to 41 euros per share on its first trade, and then fell back to 36.55 euros. Equant's shares were valued at $74 per share.

Comment:

Shares rise in value in Paris as bankers conclude a $3.6 billion secondary offering

COMMUNICATION, Communications, Broadcasting and Telecommunications, Abstract, Communications industry, Equant N.V., United Pan-Europe Communications N.V.

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Nextel shares drop amid concerns over subscribers

Article Abstract:

Nextel Communications Inc. saw its share value drop by more than 20% as concerns arose over subscribers. Nextel said that it would post less-than-expected new domestic subscribers for the 2000 fourth-quarter.

United States, Nextel Communications Inc., NXTL

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KPN shares fall but debt burden leaves no bargain

Article Abstract:

KPN's stock price continues to drop but is still not considered cheap due to the management problems and large debt that come with the purchase of shares.

Sales, profits & dividends, Statistical Data Included, Brief Article, KPN Royal Dutch Telecom

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