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Technology Stocks : Leap Wireless International (LWIN) -- Ignore unavailable to you. Want to Upgrade?

To: straight life who wrote (1180)	1/28/2002 10:55:28 PM
From: waitwatchwander	Respond to of 2737

Pegaso Officials Deny Debt: Columnist -------------------------------------------------------------------------------- Story Filed: Monday, January 28, 2002 3:44 PM EST MEXICO CITY, Jan 28, 2002 (Reforma/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- While industry sources say Mexican mobile telephone operator Pegaso has debts of close to 900 million dollars, company officials categorically denied it, reported Mexico City daily Reforma business columnist Dario Celis Estrada. What is definite, is that the environment has become more complicated more as a result of the company's inability to reach an agreement with Spain's Telefonica (NYSE:TEF), said Celis. Congress' recently approved telecommunications tax will also complicate the situation for the company. Pegaso has not reached its expected number of subscribers, or its projected level of expansion. The company is owned 33.3 percent by Leap Wireless International (NASDAQ NM:LWIN), and 33.3 percent by Sprint (NYSE:PCS). URL: www.securities.com Copyright 2002 Internet Securities, Inc., all rights reserved. A Euromoney Institutional Investor Company. SUBJECT CODE: Indtel Copyright © 2002, InfoLatina S.A. de C.V., all rights reserved. library.northernlight.com