Estonia Telecom to wait out turmoil in markets before launching IPO

Article Abstract:

Estonia Telecom, a telecommunications services provider owned and controlled by the government of Estonia, intends to derail its planned initial public offering of company stock to a later date. The postponement of the stock sale will enable the government to conduct efforts necessary to determine investor sentiment in other parts of the globe, particularly US and Europe, as well as to allay investor fears over the viability of the Estonian economy. The planned offering comes after Swisscom AG of Switzerland conducted a similar offering, revealing the profitability of such transactions.

Comment:

Is set to derail its planned initial public offering of company stock to a later date

Communications, Broadcasting and Telecommunications, Organizational history, Estonia, Telecommunications industry, Article, Estonia Telecom

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BP Amoco backs planned Caspian pipeline

Article Abstract:

BP Amoco PLC (BP) has decided to promote a proposed $2.5 billion (Euro2.3 billion) pipeline that will pump oil produced in the Caspian region. The oil would flow from Baku on the Caspian Sea through Georgia to Ceyhan, a seaport on Turkey's Mediterranean. BP's plan to promote the pipeline was praised by U.S. Secretary of Energy Bill Richardson as "an important milestone" in building the region's economy. The region has 42 billion barrels of proven oil and the potential to produce nearly five times that much.

Marketing procedures, Advertising Activity, Turkey, Oil Product Pipelines, Pipeline Transportation of Refined Petroleum Products, Marketing, Petroleum industry, BP PLC, Petroleum products pipelines

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