Strato Sell-Off Postponed

German ISP Strato has
considerably postponed its part-by-part sale to
an unnamed American investor.

Strato’s owner, Teles,
revealed that shares would not be disposed of until 2001, apparently due to
tax reasons. The reason behind the postponement might perhaps be traced to
the German federal government’s announced plan to free disposition gains
from taxation.

The IPO of the stock corporation will also be put off until year 2001.
Negotiations with an undisclosed large American provider as an investor are
said to be
still in progress.

Strato claims to be a European market leader in the Web hosting sector, and
credits its success to low prices.