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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (4564)	1/28/2000 6:04:00 PM
From: Kenneth E. Phillipps	Respond to of 14638

Friday, Jan 28, 2000 5:26 PM ET Sprint affiliate Alamosa PCS sets IPO terms WASHINGTON, Dec 23 (Reuters) - Alamosa PCS Holdings Inc., which provides wireless personal communications services in the U.S. Southwest and Midwest, on Thursday said its initial public offering would consist of 10.714 million common shares. The shares, representing an 18 percent stake in the Lubbock, Texas-based company, may be priced between $13 and $15 per share, it said. Alamosa, which is part of the Sprint PCS Group (NYSE:PCS - news) network, figures it will make about $138.9 million after expenses if the stock is priced at $14 a share. It plans to use the proceeds, along with a loan from Nortel Networks Corp. (Toronto:NT.TO - news) (NYSE:NT - news), for capital expenditures, including the build-out of its portion of the Sprint PCS network, operating losses and general corporate purposes. Alamosa, which disclosed the terms of the IPO for the first time in a filing with the Securities and Exchange Commission, said it does not plan to pay cash dividends on its common stock in the foreseeable future. Underwriters Salomon Smith Barney, Credit Suisse First Boston and Deutsche Banc Alex. Brown have an option to buy an additional 1,607,100 shares in case of heavy investor demand. Alamosa has applied to trade the shares on the Nasdaq stock market under the symbol ``APCS' (NasdaqSC:APCS - news). In addition to the stock offering, the company filed with the SEC to offer $156 million in senior discount notes due 2010. Alamosa will use the net proceeds from the sale of the notes to prepay $75 million of debt outstanding under the Nortel credit facility. It may decide to use the rest of the proceeds to expand its existing territory and pursue additional wireless telecommunications business opportunities or acquire other wireless telecommunications businesses or assets, it said. The underwriters for the notes offering are Salomon Smith Barney, Credit Suisse First Boston and Lehman Brothers.

To: Kenneth E. Phillipps who wrote (4564)	1/28/2000 6:12:00 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

Friday January 28, 4:14 pm Eastern Time Mexico's Unefon sets Feb. 7 wireless telephone launch MEXICO CITY, Jan 28 (Reuters) - Mexican wireless telephone company Unefon, half-owned by the country's No. 2 broadcaster, TV Azteca (NYSE:TZA - news), said on Friday it would launch its commercial service Feb. 7. ``Unefon is ready to launch commercial service, with all the necessary ingredients for success: state-of-the-art technology, wide distribution, visible publicity and ample financial resources,' Adrian Steckel, chief executive for Unefon, said in a statement. Unefon has been running tests of its wireless systems dince December. It aims to operate in Mexico's 20 largest cities by the end of the year, a company statement said. Steckel said the company had ``more than adequate' resources to construct infrastructure to serve 1.5 million clients. He said Unefon had more than $600 million in funds, including $480 million from Canada's Nortel Networks Corp. (NYSE:NT - news) (Toronto:NT.TO - news), the technology provider for Unefon. Earlier this week S&P revised its outlook on Azteca to negative from stable, reflecting concern that higher-than-expected capital infusions could be required if the Unefon business plan does not go as expected. S&P mentioned concerns that resources from TV Azteca could be diverted to Unefon. Unefon began a publicity blitz in December and previously said it would begin commercial operations in January. Earlier, the company said it would make service available first in the eastern part of Mexico City, the central Mexico city of Toluca and the Pacific beach resort of Acapulco. Unefon has frequency licenses to provide wireless telephone service throughout Mexico and plans to sell fixed wireless telephone services. Fixed wireless phones are like mobile phones in that voice and data signals are carried over radio waves. But they are stationary and are connected to a small roof antenna.