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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 153.03

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Jan 27 3:59 PM EST

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To: marginmike who wrote (5350)	1/17/2000 11:17:00 PM
From: Ruffian	Read Replies (1) of 13582

Lucent sees 12 bln stg UK mobile investment LONDON, Jan 18 (Reuters) - The investment needed to set up five high-tech mobile telephone platforms could reach 12 billion pounds ($19.62 billion) over the next seven years, the president of one of Lucent Technologies' divisions said in an interview published on Tuesday. Lucent is negotiating to supply equipment to all 13 groups bidding to operate one of five new universal mobile telecoms systems (UMTS) in Britain. John Hughes, who heads Lucent's UMTS and GSM (Global System for Mobile Communications) unit, said he expected six billion pounds to be spent on setting up the platforms in the next two years. The network operators would invest another six billion over the following five years. A UMTS system provides greater bandwidth than the systems already in use in Britain, allowing mobile companies to offer high-speed Internet access, e-mail and the capacity to download music and pictures. Hughes said UMTS would dramatically change mobile phone companies' business models. At the moment voice calls account for 98 percent of revenue but in the future more of that could come from advertising, content and transactions, he said. Last week 13 companies lined up to bid for one of five so-called new generation licences being auctioned by the British government. The government has set a reserve price of 500 million pounds for the five licences in total, but most analysts expect the auction to raise some two billion pounds. ($1 equals .6116 Pound)

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