AUSTRIA: ACQUISITIONS, DIVESTMENT AT YLINE

Article Abstract:

YLine is to withdraw from internet service to private consumers and sell its subsidiary Web Access. Those interested in the internet service provider reportedly include Telekom Austria, T-Online, Telefonica and a Swiss and an Italian company. Web Access has about 44,000 clients and is said to reach black figures in the 4th quarter of 2000. On the other hand, YLine is planning acquisitions in Germany, Switzerland, Scandinavia and the UK.

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AUSTRIA: INTERNET OFFER FROM MCN

Article Abstract:

Austria's Millennium Communication Network (MCN) is to start business as Internet provider, and is hoping to win 100,000 subscribers by the summer of 2000. With the ZeroSurf package, customers can surf on the Internet free of charge for four hours per month until the end of the year. For additional hours, customers pay Sch 0.16 in the freetime and Sch 0.44 during business hours.

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Austria: YLine files for bankruptcy

Article Abstract:

The Austrian internet software company YLine has filed for bankruptcy. The company's debts amount to EUR 26.3mn, of which IBM accounts for EUR 20.2mn. Assets amount to EUR 30.9mn and consist mainly of holdings in subsidiaries.

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