Nuevo Grupo Iusacell (CEL) Message Board

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Technology Stocks : Nuevo Grupo Iusacell (CEL)

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To: Dennis Roth who wrote (94)	3/27/2001 11:02:46 AM
From: Rob Preuss	of 206

[Iusacell President Del Valle Quits] MEXICO CITY -- Grupo Iusacell SA President and CEO Fulvio del Valle said Monday that he was leaving his posts, citing "personal reasons." It was announced only hours later that he will become the new president and CEO of Maxcom Telecomunicaciones SA, a Mexican phone carrier. Maxcom, which is backed by Bank of America Corp. and CT Communications Inc., said Mr. del Valle will lead the company in its "high-growth phase." Maxcom has local networks in Mexico City and the central city of Puebla, and is planning expansions along the Gulf coast and in the southeast of Mexico Mr. del Valle's departure from Iusacell, which comes only days after the country's second largest wireless company announced a major restructuring, is effective April 15. He will start in the posts at Maxcom on the following day. More... public.wsj.com

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