Part of the  network 

SE2000 Home page
SE2000 Online Help file
SE2000 Live Chat
SE2000 Online Forum
SE2000 Download Site
Buy Books online and save
Register SE2000
SE2000 Links
Email Support

Please read carefully our disclaimer before using  this message board !

| Post Reply | Read Follow Ups | Main Index | Download ShareExpress Portfolio Manager |

Message subject : Eisa: two OzEmail partners

This message was posted by Webman on April 05, 2000 :
An article from a paper

Eisa: two OzEmail partners


Eisa (EIS)has signed deals with two partners in the past 24 hours to help fund its $350 million acquisition of OzEmail: a global infrastructure company and a local institutional investor.

The partners, whose identities remain unknown, will take an equity share in exchange for financing the OzEmail purchase.

Eisa, which issued a trading halt yesterday, is expected to announce the names of its two partners as early as next week.

Eisa chief executive Mr Damien Brady has been in discussions with several companies in the past month, with more partnerships in both content and technology expected.

Eisa needs to secure powerful alliances to cement the acquisition of OzEmail and give it a firm competitive footing against Telstra Big Pond - its rival for the title of Australia's number one ISP.

Telstra's Big Pond now has about 450,000 customers, but after the OzEmail buyout Eisa will steal the lead with approximately 460,000.

Eisa was rumoured to be close to signing a deal with ANZ that would see the bank take a stake in the ISP, but a source close to Eisa said the ANZ was not one of the partners.

Vodafone, which has an existing alliance with Eisa, is also expected to be ruled out as an equity partner - although the alliance is expected to deepen.

Mr Brady was circumspect yesterday, but confirmed Eisa was in continuing discussions with Vodafone with a view to "cementing a more extensive relationship". They formed a
marketing and technology alliance in February which aimed at giving Vodafone and Eisa-OzEmail subscribers access to Internet services through mobile phones and portable
devices by the end of the year.

Vodafone indicated that it was not aiming to develop that alliance into an equity partnership with Eisa.

"We would rather have a strategic partnership and, although equity has been mentioned in discussions and we can't rule it out, it is not our preference," a Vodafone spokeswoman

Vodafone yesterday announced its global platform for mobile Internet services, the most recent in a series of announcements and partnerships that are seen as a build-up to an expected $4 billion float mid-year.

Market rumours are circulating that a content agreement with Disney is being negotiated by Eisa, although no content partner announcements are expected soon.

Eisa shares had dropped 10.7 per cent to $2.60 before trading was halted yesterday.
Since February 12, when news of Eisa's deal with UUNet to buy OzEmail was revealed, its share price has more than doubled.

Warning: at times comments aimed at manipulating other investors may appear on these
message boards. Posters may post overly optimistic or pessimistic comments on particular
stocks, in an attempt to influence other investors. While every effort is made by the moderators
to remove these, some may still appear on these boards. Unless specifically stated persons posting
on this site are NOT investment advisors and do NOT hold the necessary licence, or have any
formal training, to give investment advice.

Before acting on any of the information you read and making any financial or investment
decisions, you should always consult your advisor(s) or other relevant professional
investment experts.

Follow Ups:

Post a Followup

Post your reply to the above message    *=mandatory
Your name: *
Your Email:*
Subject: *
Link URL:
Link title:

Message*    * 200 words Maximum!


You are viewing a page out of the ShareExpress2000 web site (c) Pty Ltd Australia