Latest Foreign ISP Has Trouble Finding IPO Buyers, The Internet Analyst News.

Business Editors

NEW YORK--(BUSINESS WIRE)--June 16, 2000

Chello Broadband (CHLO:proposed), the latest in a series of broadband foreign Internet service providers to seek an initial public offering, is proving once again that timing is everything in the IPO market.

The planned offering comes less than two months after fellow European service provider QS Communications (Nasdaq:QSCG) easily completed its offering of common shares. It also follows successful deals by Taiwan's Gigamedia (Nasdaq:GIGM) in February and Korea Thrunet (Nasdaq:KOREA) in November.

Chello is a majority-owned subsidiary of United Pan Europe Communications (Nasdaq:UPCOY), Europe's largest cable operator based on number of customers. This year, Chello has expanded its operations into Latin America and Australia. QS Communications currently offers broadband Internet access only in its native Germany. It extended its reach within the country through a May 10 partnership with Global Telesystems (NYSE:GTS), a leading provider of broadband services across Europe.

To find out more about this week's Analyst's strong buys, read the article in Multex.com's The Internet Analyst(sm), http://www.theinternetanalyst.com/min-tia/individual/000615sections/ipoupdate.html.

Companies profiled:

QS Communications (Nasdaq:QSCG) http://www.multexinvestor.com/af001215/tickersearch.asp?Ticker=qscg

Gigamedia (Nasdaq:GIGM) http://www.multexinvestor.com/af001215/tickersearch.asp?Ticker=gigm

Korea Thrunet (Nasdaq:KOREA) http://www.multexinvestor.com/af001215/tickersearch.asp?Ticker=korea