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June 1, 1994

ASCOM HOLDING EXPECT PROFIT WITH CABLE TV SELL-OFF AGREEMENT

By CBR Staff Writer

Ascom Holding AG announced yesterday that it had agreement to sell its cable television division for over $170m; the company says it now expects a net profit for the first half of 1994 and also for the full year; the Swiss telecommunications equipment company had previously forecast break-even for 1994 and a return to profits in 1995; it said it made unspecified profit before interest and taxes for the first quarter; new orders in the three core divisions were over budget.

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