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Technology Stocks : Nuevo Grupo Iusacell (CEL)

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To: Highway Jim who wrote (191)	10/10/2003 9:23:56 AM
From: Rob Preuss	Read Replies (1) of 206

Good News for CEL! Mexico Iusacell, Telcel ordered to link messaging Friday October 10, 12:08 am ET MEXICO CITY, Oct 9 (Reuters) - Industry authorities said on Thursday they had ordered Mexcican mobile phone firms Grupo Iusacell SA de CV (Mexico:CELV.MX - News; NYSE:CEL - News) and America Movil SA (Telcel) (Mexico:AMXL.MX - News; NYSE:AMX - News) to connect their short text messaging networks. Iusacell, the number three Mexican mobile operator, has seen its message traffic rise after signing agreements with other Mexican rivals. Telcel, with 21 million subscribers and an 80 percent share of the market, has resisted forming similar agreements with rivals. "The interconnection of the networks is ordered so that users from both companies can (send) short messages," communications industry watchdog Cofetel said in a statement. Cofetel set a maximum period of 60 days for the companies to connect their networks and set a price of 0.12 pesos for each message sent.

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