TELUS CORP. DIALS UP BROADJUMP SOFTWARE

Broadband software provider BroadJump has scored another DSL partner. TELUS Corp., a Canadian telecom provider, said it would use BroadJump's Virtual Truck Installer and other products to reduce its own costs for installing DSL customers. This latest customer win adds to BroadJump's growing presence in the North American broadband market ? BroadJump now serves 70% of the North American broadband market and has locked up 90% of Canada's DSL market.

PANAMSAT GETS $2.05B INFUSION

Hughes Electronics subsidiary PanAmSat raised $2.05 billion in debt and long-term notes. The financing consists of $1.25 billion in bank debt, including a revolving credit facility, and $800 million in ten-year notes. A portion of the funds raised will be used to repay a loan from Hughes. The satellite company also reaffirmed its 2002 outlook for earnings, revenue and operating cash flow margin. PanAmSat said it expects 2002 revenue of between $790 million and $825 million, earnings per share of between 35 cents and 45 cents and an operating cash flow margin of more than 70%.

AT&T SETTLES SUIT IN NEW ENGLAND

AT&T has reportedly agreed to pay $20 million to settle a class action lawsuit that alleged cable companies it acquired had overcharged customers. The suit, initially filed in 1999, alleged AT&T Broadband's predecessors MediaOne and Continental Cablevision charged customers in areas of Massachusetts, New Hampshire and Maine a higher price for a certain cable package, without telling customers they could obtain virtually the same package on a lower tier, for a lower price. An AT&T spokeswoman told the Knight Ridder/Tribune Business News service that the company denied the allegations but decided to settle to avoid the expense of protracted litigation. AT&T mailed notices of the settlement to approximately 700,000 customers early last week.

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