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Technology Stocks : Leap Wireless International (LWIN)
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To: marginmike who wrote (253)3/31/1999 8:20:00 AM
From: Jeff Vayda   of 2737
 
Pegaso Lines Up Credit For Mexican CDMA Buildout
(Thanks to Phillips Telecom)
Mexican PCS licensee Pegaso PCS has obtained a $100 million working capital facility for construction of its Mexican
CDMA networks. The commitment comes from Qualcomm Inc. [QCOM], who we're pretty sure can afford it these days.
Qualcomm spin-off Leap Wireless International Inc. [LWIN] is one of the owners of Pegaso, which launched service in
Tijuana in February (see PCS WEEK, Feb. 17). Pegaso said its current commitments-$ 1.1 billion in debt, equity, and vendor
financing-will give it all the capital it needs to build out its first phase networks covering Mexico's four largest markets: Tijuana,
Mexico City, Guadalajara and Monterrey.
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