[CEL signs interconnect agreement with Unefon.]
Thursday March 23, 12:25 pm Eastern Time
Company Press Release
SOURCE: Unefon S.A. de C.V
Unefon and Iusacell Sign Interconnection Agreement
MEXICO CITY, March 23 /PRNewswire/ -- Unefon S.A. de C.V.,
Mexico's largest radio spectrum holder, today announced that
it signed an indirect interconnection agreement with Grupo
Iusacell S.A. de C.V (NYSE: CEL, BMV: CEL), a Mexican
wireless cellular service provider in four regions in the
central portion of Mexico (including Mexico City). This
agreement will allow subscribers from both companies to
communicate with each other.
``With this step Unefon ends its first negotiation stage in
terms of interconnection. We have formally established
interconnection conditions with the three biggest telephone
networks in Mexico. These agreements will allow our customers
to be connected to practically the entire universe of
existing telephone lines' said Adrian Steckel, Chief
Executive Officer of Unefon. ``Today, Unefon confirms
its commitment to provide communication services to the
unattended portions of the Mexican market,' he added.
Unefon started its commercial operations in February 1st;
currently offering service in Toluca and Acapulco. By mid
year 2000, Unefon expects to be operational in other
important Mexican cities, including Mexico City; and in as
many as 20 cities by year end.
Unefon, S.A. de C.V. is Mexico's newest national telephone
company. Unefon holds licenses to provide PCS telephony
services throughout Mexico in the 1.9GHz frequency range.
Unefon is a 50-50 joint venture of the Saba family and TV
Azteca (NYSE: TZA, BMV: TVAZTCA), one of two television
broadcast networks in Mexico. Unefon has long term contracts
with TV Azteca for advertising and with Grupo Elektra (NYSE:
EKT, BMV: ELEKTRA), an affiliated company, for distribution
and antenna location.
SOURCE: Unefon S.A. de C.V |
