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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Cooters who wrote (1583)	7/29/2000 1:18:07 PM
From: Ruffian	Respond to of 196822

BellSouth, MHC investment to total $200 million BellSouth and its partner MultiHolding Corp. (MHC) plan to invest a total of $200 million in PCS operator BellSouth Guatemala through year-end 2001, a BellSouth Guatemala press representative said. To date, BellSouth Guatemala has invested over half that amount in its Guatemala operation, including a contract worth about $100 million with Canadian equipment supplier Nortel Networks for the deployment of a CDMA network. BellSouth (BLS: Research, Estimates) also has had to pay some $9 million for infrastructure requirements such as rights of way and tower co-location, as well as $26 million for its operating license. The remaining $65 million will cover service and operating costs, the spokesman said. Both BellSouth and MHC will share financing responsibilities, in approximately the same ratio as their respective interests in BellSouth Guatemala, the spokesman said. BellSouth holds 60 percent of BellSouth Guatemala, while MHC owns the remainder. BellSouth Guatemala will compete with Comcel Guatemala, incumbent operator Telgua, and Spain's Telefonica through its subsidiary Telefonica Guatemala.