Terra makes strides, but bottom line remains in the red

Article Abstract:

Terra Networks SA posted a 50% rise in its pro forma revenues for the 1999 year to 78.5 million euros. The company also said that its subscriber based rose more than eightfold to pass 1.3 million for the year.

Sales, profits & dividends, Sales & consumption, Statistics

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Terra looks to U.S. firm

Article Abstract:

Spain-based Terra Networks SA is engaged in merger negotiations with Lycos Inc. A merger between the two Internet portals would form an entity with $22 billion (23.9 billion euros) in market capitalization.

Strategy & planning, Planning

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The time has come for Terra to show its prospects are solid

Article Abstract:

Terra Network SA will have to justify a high valuation as it plans to acquire Lycos Inc. for $12.5 billion (13.8 billion euros). The company's share value have fallen following the announcement of its proposed deal with Lycos.

Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Mergers, acquisitions and divestments

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