PrimaCom Buys Cable Network in Stassfurt; Now Around 500,000 Customers in Sachsen, Sachsen-Anhalt, Thuringen.Business & Entertainment Editors MAINZ, Germany--(BUSINESS WIRE)--July 6, 2000 PrimaCom AG (Neuer Markt Frankfurt, "PRC"/ ID No. 625910; Nasdaq:PCAG PCAG Performance Confidence Assessment Group ) announced today that it has acquired the cable television network from the aerial service Aerial Service Corporation was an aircraft manufacturer established in Hammondsport, New York in 1920 to produce mail planes. It was later renamed Mercury Aircraft. Lists of Cabel Tec GmbH, Stassfurt (Sachsen-Anhalt). Through this purchase, PrimaCom expands its established user base in Stassfurt and the surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. communities by 8,951 connected households, representing 7,320 customers. As a result of this acquisition, the number of PrimaCom customers in the Sachsen, Sachsen-Anhalt and Thuringen region has risen to approximately 500,000, representing a regional market share of approximately 27%, making PrimaCom the cable market's leading service provider within these three federal states. In order to continue to enhance service offerings to its customers and its presence in the region, PrimaCom is in the process of upgrading its existing cable network with reverse channel-enabled HFC 1. (networking) HFC - Hybrid Fiber Coax. 2. (hardware) HFC - hydrofluorocarbon. technology, allowing households to receive enhanced cable services such as high speed internet, digital TV and video on demand. Commenting on this acquisition, Jacques Hackenberg, Chief Executive Officer of PrimaCom, stated, "Sachsen, Sachsen-Anhalt and Thuringen belong to our most important core regions. Through this acquisition, we continue to consolidate our customer coverage in this region, while at the same time rapidly driving the potential to upgrade our cable network to provide the most modern multimedia services to our customer base." PrimaCom AG (Neuer Markt Frankfurt,securities ID no.625910 and NASDAQ ticker ticker An automated quotation system on which security transactions are reported after they occur on an exchange floor. Even though the newer systems are electronic and no longer actually tick, the name of the old mechanical device has stuck. PCAG) is presently Germany's third-largest private cable network operator, with more than 1.35 million homes passed and with presently more than 930,000 customers. PrimaCom offers multimedia services to its customers via its own broadband cable network, which operates with the latest glass fiber technology (HFC). In Leipzig, PrimaCom already offers its customers an attractive high-speed Internet See broadband. service via the company's own portal at a flat-rate price. In addition to this service, PrimaCom will soon be offering digital-TV with 80 channels and interactive services, such as pay-per-view etc. The service will initially be available in Leipzig, followed by six further German cities. Still planned for this year is the introduction of Internet telephony Another term for IP telephony and VoIP. In the late 1990s, some people made a distinction between Internet Telephony and VoIP: Internet telephony referred to voice over the public Internet, while VoIP referred to voice over private IP networks. (voice over IP), at especially attractive prices. PrimaCom is continually evolving into a multimedia communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. . This press release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Because these statements apply to future events, they are subject to risks and uncertainties that could cause actual results to differ materially, including PrimaCom's absence of an operating history for its merged operations, its possible future need for additional financing, competitive factors and restrictions imposed by existing and possible future debt instruments. |
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