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/ BARBARA MURPHY

Sutro to Handle FNet's Investment Banking

August 25, 1998|BARBARA MURPHY

Franklin Telecom in Westlake Village announced that its subsidiary, FNet Corp., has selected Sutro & Co. to handle its investment banking.

"Our goal of deploying an Internet protocol telephony network will be greatly enhanced by the addition of a quality investment bank such as Sutro & Co.," said Thomas Russell, FTEL's chief financial officer.

Sutro is the oldest investment bank in the western United States, and the telecommunications industry is a growing focus of its activities.

FNet is deploying telecommunications networks worldwide, focusing on countries where it can build networks to service existing customer bases.

FTEL designs and manufactures communications devices, satellite systems and software. Its Internet subsidiaries, FNet and Internet Passport, provide services using FTEL products.

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