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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.01-0.3%Nov 14 9:30 AM EST

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To: The Verve who wrote (52168)12/1/1999 12:55:00 PM
From: Ruffian  Read Replies (3) of 152472
 
One.Tel Plans $20 Billion Mobile Network
Spend

RDSL

26 November 1999

One.Tel, telecoms firm, has announced plans to spend up to $20
billion in the UK and W Europe to develop mobile phone
networks with Lucent Technologies, partner.

The firms will invest up to $2 billion to acquire spectrum
licences. These licences will be available in the UK, France,
Germany, Italy, Spain and the Netherlands. Venture financing of
$10-$20 billion will be made available to fund the development,
construction and operation of 3rd-generation networks in the
UK and two countries in mainland Europe.

Abstracted by
Ruff

From Total Telecom.
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