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Recently it was inferred that Mr Konig had sold down his holding - this excerpt from todays announcement obviously refutes that, and gives reason for the reduced %.
Also has some info on priority allocations of future IPOs - probably neither here nor there to most of you, especially in the current market.
The full announcement also has data on latest revenue figures - they are as expected.


Mr Konig has recently underscored his confidence in Telco by moving
into the market to purchase an additional 402,000 Telco shares,
lifting his shareholding in Telco to 14,494,822 million shares.
However, due to the issue of shares to NTM Inc as part of the $6.8
million deal to lease and operate its network, Mr Konig's
shareholding has declined in percentage terms from 15.74% to 12.74%.

Telco - which has facilitated the listing of two ASX Listed companies
during 1999 - GPS Online.com Limited and Technology Licensing Limited
(it has approx. 20% of each company), is currently involved in
facilitating the IPO's of two additional companies through its
subsidiary Telco Internet Investments.

Telco has made strategic investments in both companies -
ShopSmarter.com and Enjoy Travel.com - which are scheduled to float
later this year. Telco has negotiated a priority allocation for its
shareholders in both of the IPO's.
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