Cable Satisfaction International Inc. Acquires Control of Subsidiary World Satellite Guadeloupe S.A.LONGUEUIL, Quebec--(BUSINESS WIRE)--Nov. 13, 1998--Cable Satisfaction International Inc. ("Csii") (ME:CSQ CSQ Certificat de Sélection du Québec (Quebec selection certificate; immigration document) CSQ Carrier Squelch (radio, scanner) CSQ Customer Satisfaction Questionnaire .A.) is pleased to announce that it has purchased a 5 percent additional interest in its subsidiary World Satellite Guadeloupe S.A. ("WSG WSG Web Standards Group WSG Warsong Gulch (World of Warcraft; gaming) WSG Web Services Gateway (IBM) WSG Washington, Pennsylvania (Airport Code) "), increasing its interest to 55 percent from 50 percent. WSG is a cable television operator based in Guadeloupe that provides 24 television channels in Guadeloupe. As at October 31st, 1998, WSG had 21,737 subscribers to the basic service and 5,480 subscribers to the pay television service. Penetration rate of cable television has now reached 39.5 percent of the homes passed compared to 35 percent at the end of 1997. For the period ending June 30, 1998, WSG has recorded revenues of close to CA$5,000,000. The other partner in WSG is GCI GCI Ground Circuit Interrupter GCI Getty Conservation Institute GCI Global Commerce Initiative GCI Green Cross International (non-profit international environmental organization) GCI Growth Competitiveness Index GCI Great Cities Institute Cable Television (Luxembourg) S.A. ("GCI"). GCI is a European company specialized in the telecommunications sector. Csii is a Canadian cable operator that builds and operates broadband hybrid fiber/coax networks in the international cable TV and telecommunications markets through its subsidiaries located in various foreign countries. Csii is solely responsible for the contents of this press release. No regulatory body having jurisdiction over the securities of Csii has approved or disapproved its contents. Subordinate voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. of Csii are listed under ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "CSQ.a" on the Montreal Exchange. |
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