MetroNet's plea: please standby

Article Abstract:

MetroNet Communications Corp. is experiencing a lack of confidence from investors due to the current economic situation, but the company and some analysts are saying that the stock is worth the risk in the long term. MetroNet is a competitive local exchange carrier (CLEC) in the newly-deregulated local telephone service market in Canada and offers bundled services that include local, long-distance, high-speed data and Internet service. Loewen predicts that the CLEC will reap revenue of C$80 million in 1998, C$181 in 1999 and C$350 million in 2001.

Comment:

Is receiving lack of confidence from investors, but company & some analysts are saying stock is worth the risk in the long term

Financial analysis, Local Telephone Service, Local telephone services, MetroNet Communications Corp., Article

---

Call-Net dissidents aim to oust board

Article Abstract:

CallNet Enterprises Inc's six board directors, including Chairman, President and CEO Juri Koor are being pushed out by a disgruntled shareholder group led by New York-based Crescendo Partners LP. The current management of CallNet is being blamed for a 70% drop in its stock price over 1998. Crescendo, which owns a 9% stake in CallNet, along with five to 10 investor, wants to hire an investment banker to sell CallNet and wholly owned Sprint Canada Inc to a bigger player.

Financial management, Domestic Voice Telephone Service, CallNet Enterprises Inc.

---

Sirois take a sabbatical to focus on Teleglobe

Article Abstract:

Montreal, Canada-based Teleglobe Inc Chairman and CEO Charles Sirois will be on leave for six months as chairman of Coscient Group Inc, Microcell Telecommunications Inc and Telsystem International Wireless Inc, which is under his Telesystem Ltd empire. This will give Sirois enough time to focus his attention on Teleglobe, which is North America's fourth-biggest long distance business and one of the biggest overseas carriers in the world.

Executive changes & profiles, Telephone Communications, Teleglobe Inc.

Similar abstracts:

• Abstracts: MetroNet speeds up 10-year plan. Fonorola spurns new Call-Net bid. MetroNet grabs Rogers unit
• Abstracts: Partners plan art-house cinema chain. Behaviour sells its film distribution arm. Cineplex unveils marketing fund
• Abstracts: Dell's earnings jump 62%. Lone Star state rivals duke it out. Struggling Compaq fires CEO
• Abstracts: Brewing up a plan. Amway takes aim at Web
• Abstracts: Gas-pump prices on 'fast-paced slide.' Singapore Air to buy 49% of Virgin. Dealers wonder who gets to stay, who will go

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