Replies to post #186190 on Zeev's Turnips Patch-No Politics (ZEEV)

[Bearmove]

TeliaSonera Cut Metro Telecommunications Stake To 9.5% Vs 24.22%
Friday December 19, 5:42 pm ET



WASHINGTON -(Dow Jones)- TeliaSonera AB (NasdaqNM:TLSN - News) cut its stake in Metro
One Telecommunications Inc. (NasdaqNM:MTON - News) to 9.5%, according to an amended Schedule
13D filed Friday with the Securities and Exchange Commission (News - Websites) .

TeliaSonera beneficially owns 2.35 million common shares. It sold
3.65 million shares in the open market from Dec. 3 to Wednesday.

On Nov. 26, TeliaSonera reported a 24.22% stake.

Metro One Telecommunications is based in Oregon.

-By Ben Siegel; Dow Jones Newswires; 202-862-3544

[Public Heel]

For me, the key would be their burn rate sans the ATT business. No way to tell that from looking at their financials. Just as a guess, if they are burning $20m/qtr, then they have until late summer to start generating cash. I watch very little TV, and I've seen some of their ads, so I wonder if they aren't spending even more than $20m/qtr...