SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Leap Wireless International (LWIN)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jeff Vayda who wrote (80)9/29/1998 3:35:00 PM
From: Webster  Read Replies (1) of 2737
 
Interesting article re Mexico Payments. I don't see LWIN's company here, although seven are still short. FYI
Web.

Mexico Won't Extend Deadline for Phone Companies to Pay Fees

Bloomberg News
September 29, 1998, 6:50 a.m. PT
Mexico City, Sept. 29 (Bloomberg) -- Mexico won't extend
tomorrow's deadline when companies must pay the government the
remaining 80 percent of fees in return for wireless telephone
frequencies, Reforma newspaper reported. Seven companies
including Unefon SA, Grupo Iusacell SA, Telefonica Inalambrica
del Norte SA and Telefonos de Mexico SA owe the government about
$800 million. Enrique Melrose, an official at the state-run
Federal Telecommunications Commission, said, the government would
address individual petitions from companies to postpone their
payments but the companies must pay interest on their fees until
the total is paid, the paper said.

Unefon, owned by Ricardo Salinas Pliego -- chairman and
majority shareholder of retailer Grupo Elektra SA and broadcaster
Television Azteca SA -- requested earlier this month an extension
to the Sept. 30 deadline to pay about 2 billion pesos ($197.6
million) for frequencies.

(Reforma 9/29 12A)

--Katherine Baldwin in Mexico City (525) 514-7618 or through the

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News