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Osprey Comms. (OSPY)

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Wednesday 07 June, 2000

Osprey Comms.

Current Status

Osprey Communications PLC
7 June 2000

       Osprey Communications ('Osprey' or 'the Company')
                               
                        Current Status
                               
Further to the announcement of 18 January, the Company remains
in  discussions  with respect to a possible reverse  takeover,
although  the completion of this transaction has been hampered
by  the  significant volatility of the stock market.   If  the
Company  does not proceed with the reverse takeover  then  the
board  of  Osprey  will  continue to  pursue  other  strategic
alternatives.

The Company will make further announcements in due course.



                                                                                
          

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