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To: slacker711 who wrote (5794)	1/27/2000 9:39:00 AM
From: Ruffian	Respond to of 13582

VeloCom Announces US$1.8 Billion in Vendor Financing Agreements in Brazil; Vesper Operations Backed by Leading Telecom Industry Vendors THURSDAY, JANUARY 27, 2000 8:02 AM - BusinessWire DENVER, Jan 27, 2000 (BUSINESS WIRE) -- VeloCom Inc., a rapidly growing international broadband telecommunications company, today announced that its Brazilian operations, Vesper S.A. and Vesper SP, have secured approximately US$1.8 billion in debt financing from their primary equipment vendors. This five-year financing package will be used by Vesper to construct voice and data communication networks. Vesper S.A. holds the license to provide competitive telecommunications services to the 90 million people living in the northeast region of Brazil, a region that includes the cities of Rio de Janeiro and Belo Horizonte. The three key suppliers of Vesper S.A. -- Nortel Networks, Harris Corp. and Ericsson -- together with QUALCOMM Inc., are providing up to $1 billion in equipment financing. Currently, US$600 million is committed to fund the initial buildout of the northeast network, with US$400 million pending application. Vesper SP, which holds a license to provide competitive telecommunications services to the 35 million people in the state of Sao Paulo, is receiving up to US$780 million from its principal supplier, Lucent Technologies. With this round of vendor financing, the Vesper operations have acquired approximately US$2.5 billion in debt and equity capital to apply toward building their networks. "The vendors' financial support of Vesper indicates their confidence in our Brazilian telecom opportunity and their continuing support of the technologies being deployed," said David Leonard, president and CEO of VeloCom. "These financings, along with the support of these premier telecom equipment suppliers, will add to our ability to build a world-class communication network in Brazil." This news follows an announcement by VeloCom on January 5 in which the company reported that it had received the largest venture-backed private placement in Latin American telecom history -- a deal worth US$250 million. The two Vesper companies are facilities-based communications providers with licenses to offer voice, data transport and Internet access services in direct competition with two incumbent telecom carriers in Brazil. The Vesper operations, however, have no tariff restrictions or universal coverage requirements, and have exclusive access to the fixed-wireless spectrum. VeloCom Inc., of Denver, Bell Canada International Inc. (BCI), of Montreal, and QUALCOMM Inc., of San Diego, are shareholders in the two Vesper companies, with BCI acting as the operating partner. About Vesper The coverage area of the two Vesper companies contains approximately 70 percent of the Brazilian population, and encompasses an area that generates approximately 80 percent of the national gross domestic product. The two companies will be launching services in early 2000. About VeloCom Inc. Denver-based VeloCom is emerging as a leading provider of competitive voice, data and Internet services in key markets in Latin America. Privately held, VeloCom was formed in June 1998 under the name WLL International Inc. Fred Vierra, chairman; David Leonard, CEO and president; and Nick Kauser, acting chief technical officer, lead VeloCom (www.velocom.com). Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: VeloCom Inc. Anne Doris, 303/874-1144 doris@velocom.com or Metzger Associates Joseph Pate, 303/786-7000 joe@metzger.com WEB PAGE: businesswire.com GEOGRAPHY: COLORADO INDUSTRY CODE: COMPUTERS/ELECTRONICS INTERNET TELECOMMUNICATIONS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.

To: slacker711 who wrote (5794)	1/27/2000 9:45:00 AM
From: slacker711	Read Replies (1) \| Respond to of 13582

Another view of the SK Telecom/NTT demonstration....This one give a date of Septemeber for a roll-out of 1xrtt by SK Telecom. IMT-2000 Video Field Test Successful SK Telecom announced Thursday that in conjunction with its Japanese partner Docomo it had succeeded in its first IMT-2000 video test. Chairman Cho Jang-nam said that a signal had been transmitted to Docomo in Japan at a data speed of 128kbps using a non-assimilation IMT-2000 system. He added that the partnership is concentrating on developing 384kbps technology and will soon conduct a full-scale field test in the metropolitan area. In September SK will introduce a CDMA-2000 mobile phone service with a speed of 128kbps. The government is planning to select domestic carriers by the end of the year to commence services by 2002. To date SK, Korea Telecom (KT) the LG group and Hanaro are bidding to offer the IMT-2000 service.

To: slacker711 who wrote (5794)	1/27/2000 11:31:00 AM
From: DWB	Respond to of 13582

Slacker, I know it's weird, and not the way it was written, but I couldn't help but read the following: The demonstration took place in a moving van near SK Telecom's research center in Pundang, Kyonggi Province. and read the words "moving van" not as a van in motion, but one like Allied Van Lines brings to your house to take all your belongings from Texas to Florida. Can't you just see them needing a van that size to hold the equipment for this "breakthrough" development, and not even driving the truck, but saying "well, it was in a moving van..."? I got a real big smile with that mental image... DWB Q2.5K/Y2K+5