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Technology Stocks : Nuevo Grupo Iusacell (CEL)

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To: Rob Preuss who started this subject5/1/2001 7:51:22 AM
From: Dennis Roth   of 206
 
Mexico's Iusacell Migrates To CDMA
e-topics.com
[Comtex]

Infolatina via NewsEdge Corporation : MEXICO CITY, Apr 30, 2001 (Reforma/Infolatina via COMTEX) --
Grupo Iusacell, Mexico's second-largest mobile telephone carrier, this year will spend 229 million dollars
to upgrade its data transmission networks, newly named company CEO Peter Burrowes said. Burrowes
also said Iusacell would create a new division to focus on mobile Internet and announced that the
company this year would begin migration to CDMA technology, in preparation for a later move to
third-generation technology, Mexico City daily Reforma reported. Burrowes said mobile Internet services
in Mexico remained limited, with slow development of appropriate handsets and few suitable web sites.
According to industry analysts, Mexico currently has around 40,000 mobile Internet users, a year after
such services were first launched. There are around 14.4 million mobile telephone users in the country.
Iusacell at the end of last year had 1.7 million mobile telephone clients, or around 12 percent of the total
market. Vodafone Group and Verizon Communications both own large minority stakes in Iusacell.

Copyright 2001 Infolatina, all rights reserved.
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I think they are talking about the migrating their analog users to CDMA. They already have CDMA infrastructure.
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