Televisao por Cabo SA (Cabovisao) of Portugal,

Sept. 1, 1997

Televisao por Cabo SA (Cabovisao) of Portugal,

a subsidiary of Montreal-based Cable Satisfaction International Inc., has secured financing for expansion of its hybrid fiber/coaxial-cable network. Caixa Geral de Depositos will grant a line of credit worth 160 million escudos for the network enhancement, which will start in the Peninsula of Setubal, southeast of Lisbon. Agreements also are in place to raise the loan amount to 500 million escudos. Cabovisao plans to expand its cable-TV franchise to include pay television, high-speed data transmission, and Internet access. It will be allowed to carry telephony over the network as of January 1, 2000.

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