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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.690.0%Dec 24 12:59 PM EST

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To: Craig Schilling who started this subject4/28/2002 8:57:58 PM
From: JohnG  Read Replies (1) of 152472
 
Telefonica Moviles buying stake in Pegaso (TEM, PCS, LWIN, QCOM) By Anne
Stanley
Spain's Telefonica Moviles (TEM) has reached a deal to buy a 65 percent stake in
Mexican wireless operator Pegaso for between $80 million and $90 million, plus $1.2
billion in debt, according to a report in the Wall Street Journal. The report said under
the terms of the deal, which would be announced Monday, the remaining 35 percent of
the company will continue to be held by the Grupo Burillo. Telefonica Moviles is
buying the stakes from Sprint PCS (PCS) , Leap Wireless (LWIN) , Citicorp Equity
Capital, AIG-GE Capital Latin America Infrastructure Fund and the Nissho Iwai Corp.
Most of the debt is being acquired from Qualcomm (QCOM) , which is Pegaso's largest
creditor

cbs.marketwatch.com.
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