RNS Number:8863R
Offshore Telecom PLC
10 November 2003

                              Offshore Telecom plc



                               Holding in Company



On 6 November 2003 City Equities Limited notified Offshore Telecom plc that it
had purchased 35,000,000 ordinary shares in the company, representing 3.8 per
cent. of its issued share capital.



10 November, 2003


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            The company news service from the London Stock Exchange
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