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Technology Stocks : MasTec, Inc. (MTZ) -- Ignore unavailable to you. Want to Upgrade?

To: jas cooper who wrote (1117)	11/24/1999 10:51:00 AM
From: jas cooper	Read Replies (2) \| Respond to of 1126

Anyone left in MTZ? Finally starting to get some attention. Could be the start of a nice run... finally. November 23, 1999 SKANSKA, MASTEC ANNOUNCE ALLIANCE TO BUILD E-CENTERS AND PROVIDE TELECOMMUNICATION INFRASTRUCTURE SERVICES MIAMI, FL (November 23, 1999) - Skanska U.S.A., Inc., a subsidiary of Skanska A.B. (OMSX: SKA), one of the world's largest infrastructure project management companies, and MasTec, Inc. (NYSE: MTZ), the largest end-to-end network infrastructure service provider in North America, announced today that they have formed an alliance to provide comprehensive project management and telecommunications infrastructure services on a turn-key basis throughout North America. Under this agreement, Skanska and MasTec will pursue projects in the telecommunications industry, focusing on the deployment of fiber optic networks and on value added projects to plan, design, build and maintain data centers, co-location facilities, central offices and other voice, video and data switching centers. The agreement provides for joint marketing to existing and potential customers of each party. Both companies are currently evaluating several proposals and opportunities for the alliance. "The alliance with Skanska furthers our business objective of joining with strategic partners to better serve our customers' infrastructure needs," said Joel-Tomas Citron, MasTec's president and CEO. "The combination of Skanska's large scale project management experience and capabilities in multi-location projects and MasTec's external and internal network services for bandwidth providers and enterprise networks will provide our respective customers with a single solution to their needs." "The demand for data, Internet and telecommunication facilities is increasing at a tremendous pace. By teaming with MasTec, Skanska will be able to better serve the infrastructure demands of the rapidly growing telecommunications industry," said Stuart Graham, president and CEO of Skanska, USA. Skanska will be represented in the alliance by its subsidiary, Sordoni Skanska. The Skanska Group is one of the world's leading suppliers of construction related services. The company, founded in 1887 in Sweden, is active in more than 50 countries and has more than 45,000 employees worldwide. Skanska U.S.A. employs 11,000 employees and had revenues of $3.2 billion for the first nine months of 1999. MasTec is the largest end-to-end telecommunications and energy infrastructure service provider in North America. MasTec designs, builds, installs and maintains internal and external networks supporting the Internet, Internet-related applications, and other communications and energy facilities for leading telecommunications, cable television, energy and Fortune 500 companies. ------------------------------------------------------ This service provided by Shareholder Direct. Additional Information: mastec.com