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Osprey Comms. (OSPY)


Thursday 15 June, 2000

Osprey Comms.

Current Status

Osprey Communications PLC
15 June 2000

       Osprey Communications ('Osprey' or 'the Company')
                        Current Status
Further  to  the announcement of 7 June, the Company  has  now
concluded that for the time being it is no longer possible  to
complete  the  proposed reverse takeover due to the  sustained
volatility  of the stock market.   Accordingly  the  board  of
Osprey will pursue in parallel other strategic alternatives.

Osprey has requested that the United Kingdom Listing Authority
continue  suspension of its listing until publication  of  the
Company's  annual report and accounts for the  year  ended  30
September 1999.


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