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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 164.53

-0.4%

Jan 14 3:59 PM EST

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To: MileHigh who wrote (40407)	9/10/1999 10:07:00 PM
From: Ruffian	Read Replies (1) of 152472

Another CDMA Launch> Argentina's Telecom to spend $450 mln on PCS BUENOS AIRES, Sept 10 (Reuters) - Argentina's Telecom Personal SA, the mobile phone unit of Telecom Argentina <TEC2.BA><TEO.N>, said Friday it will spend $450 million over the next two years on its new PCS wireless phone operations. The company was awarded three Personal Communications System wireless telephone licenses this June for the southern region of Argentina and the Buenos Aires area, where it lacks independent operations. It has a soon-to-be split joint venture with Telefonica de Argentina <TEA2.BA><TAR.N> in Buenos Aires called Miniphone. Telecom paid a total of $245 million for the three licenses. The remaining $205 million will be used to build a new network and expand its current operations, a Telecom Personal spokesman said. The company said in a statement that its client base had reached 700,000 in the northern area of Argentina, where it shares a monopoly with GTE Corp. <GTE.N>-backed CTI Movil. Telecom Personal said that represents 65 percent of the market. Telecom is owned 50-50 by France Telecom <FTE.PA> and Telecom Italia <TIT.MI>. 17:22 09-10-99 Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL. Posted: 9/10/1999 9:46 pm EDT as a reply to: Msg 36674 by nbfm Related Links Quote & News Profile Research Insider Go to: Start \| Most Recent \| Msg #:

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