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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 177.78-2.2%Jan 9 9:30 AM EST

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To: John Biddle who wrote (29832)1/20/2003 2:18:41 PM
From: waitwatchwander  Read Replies (2) of 197156
 
MTS Targets 700,000 Lines March

thisdayonline.com

By Okechukwu Kanu

MTS moves towards attaining its March target for the launch of it First Wireless' 700,000 voice and data lines and 3,000 kilometers of long distance communication facilities across the country with the arrival today of equipment that will assist in its implementation.

The N15 billion CDMA 2000 1X technology equipment for the first phase of MTS First Wireless' network is expected to arrive Apapa port by ship today.

Eight cities, beginning from Lagos, will benefit in the first phase of the roll out of MTS' CDMA 2000 1X technology which is the latest wireless phone technology.

According to the Head of Corporate Affairs, Mr Reuben Muoka, "MTS' CDMA 2000 1X network will be the largest fixed line network deployment by a private company in Nigeria."

Funding for the deployment according to Muoka is provided by a consortium of local banks and MTS' shareholders.

A team of US shareholders/investors led by chairman, Atlanta Life Insurance, Mr Jessie Hill (rtd) and US Exon Bank are providing part of the financial package, which will also facilitate the service launch before April this year.
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