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Technology Stocks : Nokia Corp. (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (1767)	12/6/2001 9:30:46 AM
From: elmatador	Read Replies (1) \| Respond to of 9255

Telemar shaves off NOK and SI contracts by sharing its network with TIM. This is very good. More bang for the buck. Less monye into iron and more money for more coverage! Note that in plain 2G networks were built without sharing. Telemar Meets 2003 Coverage Goals - Brazil (BNamericas.com) - Brazil's largest fixed line operator Telemar (NYSE: TNE) has met coverage goals originally set for 2003, according to the new Telemar president Jose Pauletti, quoted in Brazilian financial daily Valor Economico. If regulator Anatel agrees that Telemar has met the targets, the company will be able to operate outside of the 16 northern states in which it currently operates. An independent auditor will begin verifying the company's coverage next week and is expected to deliver its report before end-December. Telemar will offer long distance next year if the audit backs up its coverge claims, Pauletti said. In other news, the company's mobile subsidiary Telemar PCS, which holds Band D mobile licenses for Telemar's 16-state operating area, has redistributed its buildout contracts, transferring 15% of its contracts with Siemens and 10% of its contracts with Nokia (NYSE: NOK) to local companies Promon, Engsite and Giutek. All contracts with Alcatel remain in place. The change to Siemens' contracts is the result of Telemar's recent agreement to share infrastructure with Telecom Italia Mobile (TIM). Telemar plans to invest 2.7bn reais in PCS, of which 1.5bn reais corresponded originally to the contracts with Nokia, to provide coverage in Rio de Janeiro, Minas Gerais and Espirito Santo. Telemar PCS also announced on Tuesday that it has selected the Odyssey GSM network planning and optimization solution supplied by UK-based Logica. Telemar has about 17.3 million installed lines. Business News Americas (BNamericas.com)