LU: Long-term Prospects Message Board

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Technology Stocks : LU: Long-term Prospects

LU 2.625

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Dec 5 9:30 AM EST

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To: Don Dorsey who wrote (76)	5/18/1998 10:55:00 AM
From: Don Dorsey	of 82

Lucentwins $750 mln phone contract in Mexico Reuters Story - May 18, 1998 09:59 MEXICO CITY, May 18 (Reuters) - Mexico's Sistemas Profesionales de Comunicacion (SPC) said on Monday it had awarded a $750 million contract to Lucent Technologies Inc. to build a fixed and mobile telephone network in Mexico. "This Friday we will sign a letter of intent establishing Lucent as our technological provider," the firm's Chief Executive Officer Javier Sarro told Reuters. SPC, owned by Mexican billionaire Ricardo Salinas Pliego, said last week it would invest more than $1 billion over the next five years to provide a local telephone service within Mexico, in direct competition with the coutry's biggest provider, Telefonos de Mexico SA . The firm said it planned to focus primarily on Mexico's middle to lower classes, which make up the vast majority of the population. Lucent beat rivals Northern Telecom Ltd. , Nokia Oy and Telefon AB L.M. Ericsson to the infrastructure building contract.

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