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Technology Stocks : Nuevo Grupo Iusacell (CEL) -- Ignore unavailable to you. Want to Upgrade?

To: Nancy Haft who wrote (16)	12/6/1999 11:02:00 AM
From: Rob Preuss	Respond to of 206

Monday December 6, 5:55 am Eastern Time Mexico's Iusacell revives bond plan-bankers LONDON, Dec 6 (Reuters) - Mexico's second largest cellphone company Iusacell (NYSE:CEL - news) has revived plans for a $225 million bond offering and could launch the deal as early as this week, banking sources said on Monday. Iusacell originally planned to sell the bond in October, but postponed the issue after major shareholder Bell Atlantic (NYSE:BEL - news) said it was considering a shake-up of the company's ownership structure. Bell Atlantic, which owns just over 40 percent of Iusacell, had been investigating a possible tie-up between the group and other cellular properties in northern Mexico, but terminated discussions last month. Joint lead managers Chase Manhattan and Salomon Smith Barney are expected to price the seven-year bonds to yield between 14 and 16 percent, according to market sources. The bonds will be issued by holding company Nuevo Grupo Iusacell SA and have been rated B1 by Moody's Investors Service and B+ by Standard & Poor's Corp. Iusacell, the main rival to Mexico's leading cellular firm Telcel , reported a net profit of 103 million pesos for the third quarter compared with a net loss of 1.465 billion pesos in 1998.

To: Nancy Haft who wrote (16)	12/9/1999 12:53:00 PM
From: Rob Preuss	Respond to of 206

[12/09/99 Morgan Stanley: CEL is top wireless pick in Latin America.] Thursday December 9, 11:30 am Eastern Time RESEARCH ALERT-Iusacell target, estimates raised NEW YORK, Dec 9 (Reuters) - Morgan Stanley Dean Witter said on Thursday it had selected Iusacell (NYSE:CEL - news) as its top pick in the Latin American wireless sector. -- raised year-end 2000 price target to $19 from $16.50. -- raised 1999 EPS estimate to $0.58 from $0.50. -- raised 2000 EPS estimate to $0.72 from $0.70. -- said, ``Iusacell has strong operating momentum, good valuation and favorable long-term growth prospects.' -- said, ``Contrary to the Brazilian cellular operators, Iusacell has achieved relatively stable average revenue per user and margins.' -- shares up 3-5/16 at 17-13/16 on the New York Stock Exchange.

To: Nancy Haft who wrote (16)	12/9/1999 12:58:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 206

[CEL share price soars 3 1/2 to 18...] Thursday December 9, 12:10 pm Eastern Time Mexico telecom cellular firm jumps 25 percent MEXICO CITY, Dec 9 (Reuters) - Shares of Mexico's No. 2 cellular service provider Nuevo Grupo Iusacell jumped 25 percent on the local stock exchange Thursday morning shortly after Morgan Stanley Dean Witter said the company was its top pick in the Latin American wireless telecom sector, traders said. Iusacell V shares jolted up 3.40 pesos to 17 pesos, a fresh life high, on volume of 41,000 shares while its ADRs (NYSE:CEL), or American Depositary Receipts, soared 3-1/2 to 18 on Wall Street. In a report Thursday, Morgan Stanley also set a year-end price target of $19 for Iusacell's ADRs from a previous $16.50. The company also offers paging, local and long distance services to its clients. ``Iusacell has strong operating momentum, good valuation and favorable long-term growth prospects,' Morgan Stanley said. U.S.-based Bell Atlantic (NYSE:BEL - news) owns 40.4 percent of the Mexican firm. Iusacell, with 1.1 million suscribers as of September 30, is the main competitor of Telcel, the cellular unit of top Mexican local, long distance and Internet service provider Telefonos de Mexico (Telmex) (NYSE:TMX). By the end of the year's third quarter, Telcel said it had 4.15 million suscribers. Use of cellular phones in Mexico shot up dramatically after Mexico's telecom watchdog authorized in May the introduction of the ``calling party pays' scheme in the country for cellular phones. Under the new regulations, the receiver of a cellular telephone call could no longer be charged for incoming calls.