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Technology Stocks : Lucent Technologies (LU)

LU 2.730

-0.5%

Nov 13 3:59 PM EST

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To: Mark Duper who wrote (6204)	2/10/1999 5:26:00 PM
From: William Hunt	Read Replies (2) of 21876

THREAD ---Lucent Technologies Inc. Dow Jones Newswires -- February 10, 1999 Mexico's Iusacell To Invest $100M To Expand Network MEXICO CITY (Dow Jones)--Grupo Iusacell SA (CEL), Mexico's largest independent cellular phone service provider, said Wednesday it would invest about $100 million this year to expand its network. Iusacell will pay for the expansion with operating profits or contributions of major shareholders, said Lawrence Babbio Jr., president and chief operating officer of Bell Atlantic Corp. (BEL), which has a controlling 47% stake in Iusacell. Iusacell plans to sign a $60 million contract in the "next few weeks" with Lucent Technologies Inc. (LU) for Lucent to build Iusacell's Personal Communication Service, or PCS, network in northern Mexico, Babbio told a news conference. BEST WISHES BILL

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