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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 151.59

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Jan 30 9:30 AM EST

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To: voop who wrote (6810)	2/1/2001 6:53:49 PM
From: laodeng	Read Replies (1) of 197444

<including improved roaming and faster Internet connection.> GSM? Brazil auction gets green light as judge lifts injunction By Reuters staff 31 January 2001 A Brazilian judge on Tuesday lifted an injunction that was blocking an auction of nine cellular telephone licenses, giving the government the green light to go ahead with the auction next week. The government had been set to sell the licenses in a three-leg auction starting Tuesday, but a legal injunction granted last week temporarily postponed the proceedings. Jose Kallas, a Sao Paulo federal judge, ruled against the injunction. The first of the three auctions will take place next Tuesday, Brazil's telecommunications regulator Anatel said. Anatel will accept companies' bids on Thursday. The government expects to earn about $3 billion from the sale of the licenses according to set base prices. The licenses have attracted bids from Telecom Italia and local carriers including Telemar . Company representatives went to Anatel last week to hand in their bids but they were sent away following the injunction. Anatel said the second two auctions will continue as planned, on February 20 and March 13. Companies that confirmed they are bidding for the licenses are Telecom Italia, Telemar, Brasil Telecom and Tele Centro Oeste Celular. Some analysts called the auction process a failure after Anatel failed to attract interest from some of the world's leading telephone operators that as yet have no operations in Brazil. The licenses will allow winning bidders to operate in new regions of the country and to offer more advanced cellular services, including improved roaming and faster Internet connection. totaltele.com

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