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

To: Dennis Roth who wrote (21932)	4/28/2002 8:55:15 PM
From: JohnG	Read Replies (1) \| Respond to of 196612

Telefonica Moviles buying stake in Pegaso (TEM, PCS, LWIN, QCOM) By Anne Stanley Spain's Telefonica Moviles (TEM) has reached a deal to buy a 65 percent stake in Mexican wireless operator Pegaso for between $80 million and $90 million, plus $1.2 billion in debt, according to a report in the Wall Street Journal. The report said under the terms of the deal, which would be announced Monday, the remaining 35 percent of the company will continue to be held by the Grupo Burillo. Telefonica Moviles is buying the stakes from Sprint PCS (PCS) , Leap Wireless (LWIN) , Citicorp Equity Capital, AIG-GE Capital Latin America Infrastructure Fund and the Nissho Iwai Corp. Most of the debt is being acquired from Qualcomm (QCOM) , which is Pegaso's largest creditor cbs.marketwatch.com .7200347222-798817167&