United International Holdings announces agreement with Megapo Communicaciones de Mexico, S.A. de C.V.DENVER--(BUSINESS WIRE)--Nov. 9, 1994--United International Holdings Inc. ("UIH UIH Unnumbered Information with Header check UIH User Interface Compiler Header File ") and Megapo Communicaciones de Mexico, S.A. de C.V. ("Megapo") Wednesday announced that UIH has signed definitive agreements to acquire positions in Megapo's five operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. . These companies own and operate cable television systems in Mexico, and as of Sept. 30, 1994, have an aggregate of approximately 330,000 potential homes, 225,000 homes passed, and serve 48,900 subscribers in Acapulco, Cuernavaca, Oaxaca and Chilpancingo, Mexico. One of the companies was recently awarded an additional franchise in Cuautla, representing an additional 70,000 potential homes. UIH has advanced funds to the subsidiaries, and upon government approval, will own 30 percent of the four subsidiaries and 39.2 percent of Oaxaca. By November 1995 UIH anticipates owning 49 percent of the four properties as well as 39.2 percent of the Oaxaca franchise. The remaining shares of the operating subsidiaries will continue to be held by Megapo, with the exception of the Oaxaca operating subsidiary, approximately 20 percent of the stock of which is held by third parties. Megapo is owned by members of the Kahn family, its founders. UIH is a leading provider of multi-channel television services outside of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Together with its strategic and financial partners, UIH has ownership interests in and provides management services to multi-channel television operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. in 14 countries throughout Europe, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and Asia. These operating systems serve an aggregate of approximately 970,000 subscribers as of Sept. 30, 1994, pass 1,660,000 homes, and have the potential to reach approximately 4.4 million homes. UIH recently announced an agreement with Philips Electronics of Eindhoven, the Netherlands, on the formation of a joint venture to own, develop and operate European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. multi-channel cable television operations. UIH will contribute its European cable television assets to this new venture, which will be the largest privately owned, multi-channel subscription television company in Europe. UIH's Class A common stock is traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market under the symbol "UIHIA." CONTACT: United International Holdings Inc., Denver
Bernard G. Dvorak, 303/770-4001 (phone)
303/770-4207 (fax)
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