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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: KYA27 who wrote (9891)	10/7/1999 6:57:00 PM
From: William Hunt	Respond to of 21876

KYA27---It was announced at 1:00 p.m. ---It is on the Schwab web site but they will not let me cut and paste . I was mistaken in that the country is Brazil and the company name is VELCO . I will look around and see if I can find it from a different source BEST WISHES BILL P.S Went back and check it came over the business wire news .

To: KYA27 who wrote (9891)	10/7/1999 7:02:00 PM
From: William Hunt	Read Replies (2) \| Respond to of 21876

KYA27 ---FINALLY found it : VELOCOM BRAZILIAN CONSORTIUM AWARDS LUCENT $470 MILLION SUPPLY 10/7/99 9:44:00 AM Source: Business Wire Contract; International Telecom to Expand Brazilian Infrastructure Business Editors, Telecommunications Writers DENVER--(BUSINESS WIRE)--Oct. 7, 1999--VeloCom Inc., (formerly WLL International Inc.), a rapidly growing international telecommunications company, announced today that its Brazilian affiliate Vesper (Sao Paulo) (Megatel do Brasil S.A.) has awarded a five-year contract to Lucent Technologies (NYSE: LU), to supply it with wireless telephony products in the state of Sao Paulo, Brazil. The contract is worth an estimated $470 million. Lucent will supply 1.9 GHz Code Division Multiple Access (CDMA) infrastructure technology to Vesper for its new high-speed telecommunication system throughout the state of Sao Paulo. During the initial stage of installation, Lucent will supply and construct approximately 200 fixed wireless base stations and eight switching facilities, in addition to providing technical support. Another 100 base stations will be installed by December 2001. Quote Snapshot QCOM 200 9/16 -3 3/4 LU 65 3/16 +3/4 Enter symbol: · Symbol Lookup More from CNET Investor Quotes delayed 20+ minutes "The supply agreement with Lucent further exemplifies our commitment to rapidly construct and deploy our state-of-the-art wireless telecommunication system in Brazil," said David Leonard, president of VeloCom. "There is high demand for Vesper's services in Sao Paulo. When construction is completed, Vesper will be able to swiftly install a broad array of telecommunication services to the business and consumer markets." Bell Canada International and Qualcomm Inc. are VeloCom's partners in the Vesper Brazilian consortium. In April, Vesper (Sao Paulo) won the "mirror" license to serve the state of Sao Paulo. Service is expected to launch in 15 cities by December of this year. When completed, the Vesper (Sao Paulo) network will provide voice and data services to a population of more than 20 million people in 27 cities. Denver-based VeloCom is quickly becoming a leading provider of competitive voice, data and Internet services in key markets in Latin America. The company's strategy is to build Competitive Local Exchange Carriers (CLECs) using primarily wireless technology in newly liberalized and under served Latin American telecommunications markets. About VeloCom Inc. Privately held, VeloCom was formed in June 1998 under the name WLL International Inc. with the goal of becoming the largest competitive telecommunications provider in Latin America. Fred Vierra, chairman; David Leonard, president; and Nick Kauser, acting chief technical officer, lead VeloCom. Vierra previously served as chief executive officer of Tele-Communications International, Inc. Leonard was formerly president and chief executive officer of UIH Latin America. Kauser served as executive vice president and chief technical officer at AT&T Wireless Services Inc. The current equity sponsors of VeloCom include Denver's Telecom Partners and Centennial Funds, as well as California-based Crescendo Ventures. BEST WISHES BILL