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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 137.34

+0.8%

Feb 6 9:30 AM EST

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To: Philip Merryman who wrote (316)	12/10/1996 9:01:00 PM
From: Philip Merryman	of 152472

The following is a 12/10/96 Reuters article: Northern Telecom syndicates $1.1 bln Reuters Story - December 10, 1996 17:01 DALLAS, Dec. 10 (Reuter) - Northern Telecom Inc said on Tuesday it is syndicating through a group of major financial institutions about $1.1 billion of its $1.3 billion vendor credit facility with Sprint Spectrum LP. Sprint PCS, a partnership of Sprint Corp , Tele-Communications Inc , Cox Communications Inc and Comcast Corp , will market Sprint Spectrum's personal communication services, or PCS. The syndication of participation rights and loan assignments is expected to be completed in early 1997, the company said. Nortel is a major provider of goods and services in the construction of Sprint Spectrum's network. The company said about $600 million of the syndicated financing has been committed to by such financial institutions or their affiliates. The Export Development Corp of Canada is also expected to play a major role in the deal, Nortel said. The company said the estimated $200 million of the remaining loans are expected to be assigned to a supplier under an existing commitment to provide related financing to Nortel.

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