Forum Archive Index - June 2000

[kevin.young@gfmb.co.nz]

Telemedia  has  announced  that  its  two  strategic take-overs on mainland USA,
Phoenix and Donia, have been successfully completed. These both have significant
established customer bases, giving Telemedia a strong foothold in the USA market
snf   additional  customer  relationships  in  Europe.  Both  acquisitions  have
excellent  technical  synergy  -  the  Telemedia  products and Phoenix and Donia
products  in  high  speed  switching  computer  systems  are  .  required by all
telecommunications  companies  and Internet Service providers to enable data and
pictures   to  be  directed  through  telephone  wires  and  airways  to  mobile
telephones. There are also complementary billing systems solutions, allowing for
a  vast  number  of  different  methods  of  billing  for mobile phone use, from
pre-paid  to  different  times  of  the  day, distances etc The Phoenix deal for
US$21m  (AU$35m) was struck for cash and shares at an average price of Telemedia
shares  at Au$5.45 per share? The Donia deal at US$11m (Au$18.3m) was struck for
cash  and  shares  at  an  average  price  of Telemedia shares at Au$5.39? These
acquisitions  will  feed considerable turnover and profit growth into next years
figures  and  allow  the  company  to list on Nasdaq within the next six months,
further boosting the shareprice.


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