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Technology Stocks : Nuevo Grupo Iusacell (CEL) -- Ignore unavailable to you. Want to Upgrade?

To: Highway Jim who wrote (191)	9/5/2003 12:20:55 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 206

Now its up to $6.75 so perhaps its an even better time to bail. But I'm still WAY underwater on this... the current price reflects a fairly recent 1:10 reverse split, so this still looks like $0.675 to me... I'll be hanging on awhile longer hoping to further narrow my losses while also hoping to find some offsetting gains elsewhere. Good luck... Rob

To: Highway Jim who wrote (191)	9/19/2003 5:37:49 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 206

Mexico's Iusacell Seeks Share Conversion, Reverse Split Friday September 19, 3:58 pm ET MEXICO CITY -(Dow Jones)- Mexico's Grupo Iusacell SA said Friday it will propose to shareholders the conversion of all of its shares into a new, single stock class with full voting rights following a reverse split. The country's third-largest wireless phone company said in a filing with the Mexican Stock Exchange that it will propose at a shareholders meeting on Oct. 17 to convert all of its class "A" and "V" shares into a single stock class. The conversion will also include a reverse split of one new share for 20 class "A" or "V" shares. The company has a total of 1.86 billion shares outstanding, of which 961.3 million are class "A" shares and 900.7 million class "V" shares. About 25% of the company's shares float on stock markets in Mexico City and New York. Iusacell's American Depositary Receipts that trade on the New York Stock Exchange (News - Websites) are composed of 100 class "V" shares. Iusacell class "V" shares trading on the Mexican Stock Exchange were up 5.3% Friday afternoon to 0.77 pesos ($1=MXN10.8780). The reverse split is used by companies seeking to raise the price of its stock because they think current prices are too low to attract investors. Once the restructuring is completed, the company will cancel all of its "A" and "V" shares. The stock restructuring plan comes after U.S.-based Verizon Communications Inc. and Vodafone Group Plc of the U.K. sold their controlling stakes in Iusacell to local magnate Ricardo Salinas Pliego for about $7.4 million in July. With 1.95 million subscribers, Iusacell is among Mexico's top three wireless phone operators after America Movil SA (AMX) and Spain's Telefonica Moviles SA ( TEM). Company Website iusacell.com.mx -By Santiago Perez, Dow Jones Newswires; (5255) 5080-3451; santiago.perez@dowjones.com

To: Highway Jim who wrote (191)	10/10/2003 9:23:56 AM
From: Rob Preuss	Read Replies (1) \| Respond to of 206

Good News for CEL! Mexico Iusacell, Telcel ordered to link messaging Friday October 10, 12:08 am ET MEXICO CITY, Oct 9 (Reuters) - Industry authorities said on Thursday they had ordered Mexcican mobile phone firms Grupo Iusacell SA de CV (Mexico:CELV.MX - News; NYSE:CEL - News) and America Movil SA (Telcel) (Mexico:AMXL.MX - News; NYSE:AMX - News) to connect their short text messaging networks. Iusacell, the number three Mexican mobile operator, has seen its message traffic rise after signing agreements with other Mexican rivals. Telcel, with 21 million subscribers and an 80 percent share of the market, has resisted forming similar agreements with rivals. "The interconnection of the networks is ordered so that users from both companies can (send) short messages," communications industry watchdog Cofetel said in a statement. Cofetel set a maximum period of 60 days for the companies to connect their networks and set a price of 0.12 pesos for each message sent.

To: Highway Jim who wrote (191)	1/14/2004 10:44:09 AM
From: Rob Preuss	Respond to of 206

Noteholders file complaint vs Mexico's Iusacell Wednesday January 14, 10:11 am ET MEXICO CITY, Jan 14 (Reuters) - Noteholders of a unit of Mexican cellphone firm Grupo Iusacell filed a complaint against the company in a U.S. court on Wednesday seeking to recover amounts due under $150 million 10 percent notes and citing concerns over owner Ricardo Salinas' corporate practices. Attorneys at law firm Manatt, Phelps & Phillips told Reuters the complaint, filed in the Supreme Court of the State of New York, was presented on behalf of several fund managers who hold 31.8 percent of Iusacell (NYSE:CEL - News; Mexico:CEL.MX - News) subsidiary Grupo Iusacell Celular's senior secured notes due 2004. The move puts further pressure on businessman Salinas, currently under scrutiny of U.S. and Mexican securities regulators because of his involvement in a controversial debt deal at his other mobile phone company, Unefon (Mexico:UNEFONA.MX - News). Defendants have about a month to respond to the complaint

To: Highway Jim who wrote (191)	7/8/2004 9:30:29 AM
From: Rob Preuss	Respond to of 206

Court sides with CEL. Mexico's Iusacell says court blocks motion Wednesday July 7, 9:01 pm ET MEXICO CITY, July 7 (Reuters) - Mexico's debt-laden mobile phone company Iusacell (NYSE:CEL - News; Mexico:CELV.MX - News) said on Wednesday a U.S. court has thrown out a motion to block the company from selling assets which holders of Iusacell debt sought in a bid to recoup $150 million in defaulted debt. In a one-paragraph statement, Iusacell said the Supreme Court of the State of New York on June 30 denied the motion against Iusacell Celular, the telco's main subsidiary, on grounds of its being "inadmissible and groundless." Spokesmen at Iusacell, owned by media and retail magnate Ricardo Salinas, were not immediately available for further comment. Earlier this year, creditors holding around 32 percent of the $150 million Iusacell Celular notes asked the court to stop the company from selling or transferring real estate, communication towers, subscriber agreements or bank accounts to third parties. Creditors had accused Iusacell of granting preferential treatment to holders of a defaulted $266 million bank loan by paying them interest while denying similar rights to noteholders. The lawsuit was one of a string of legal woes for Salinas, who is one Latin America's richest men and also a majority owner of Mexico's second-biggest broadcaster, TV Azteca (NYSE:TZA - News; Mexico:TVAZTCACPO.MX - News), and retailer Grupo Elektra (Mexico:ELEKTRA.MX - News; NYSE:EKT - News). Salinas is under scrutiny from U.S. and Mexican securities regulators because of his involvement in a controversial debt deal at his other mobile phone company, Unefon (Mexico:UNEFONA.MX - News). When Salinas bought debt-laden Iusacell in mid-2003 he vowed to return it to financial health. But he has not yet announced a full debt restructuring plan. Iusacell is operating under a heavy debt burden of close to $800 million and for several months has failed to strike a refinancing deal. Iusacell's debts include a $350 million bond that matures in 2006, the syndicated loan of $266 million and the $150 million bonds. In June, it defaulted on a $24.9 million interest payment of the $350 million bond. It has also failed to pay $33.2 million in interest on the syndicated loan.

To: Highway Jim who wrote (191)	8/18/2004 9:41:50 PM
From: Rob Preuss	Respond to of 206

CEL rises amid talk of debt restructure. UPDATE - Iusacell shares jump amid debt restructure talk Wednesday August 18, 5:16 pm ET By Cyntia Barrera Diaz MEXICO CITY, Aug 18 (Reuters) - Shares of Mexico's No. 3 cellular firm, Grupo Iusacell, jumped for the third-consecutive day on Wednesday amid talk that the company is nearing a much-needed debt restructuring, market sources said. Shares of Iusacell (Mexico:CEL.MX - News) topped the gainers list on Wednesday, up 6.62 percent to 17.55 pesos after gaining as much as 9 percent earlier in the session. Its New York-traded shares (NYSE:CEL - News) rose 6.82 percent to $7.67. "There is talk about the company renegotiating its debt," said a Mexico City-based trader. Iusacell, owned by retail and media tycoon Ricardo Salinas, has defaulted on debt obligations over the past year, sparking legal battles with some of its creditors. The company has not been able to renegotiate its debt pile of about $800 million. A source familiar with Iusacell and debt holders told Reuters this week that the company "is engaged in substantive negotiations with creditors," although the timing of any possible agreement is uncertain. The source said information was limited because most creditors were bound by strict confidentiality agreements. Since last Friday, Iusacell shares have gained nearly 26 percent. The company was not available for comment. Iusacell hired New York-based financial advisory firm Hill Street Capital earlier this year to help it with debt negotiations. Representatives of the boutique firm met with Iusacell in Mexico this week. Hill Street Capital declined to comment on Wednesday. A group of creditors filed a suit against Iusacell in January to demand payment on defaulted debt from its main subsidiary Grupo Iusacell Celular. Last month a U.S. judge ruled that Iusacell will have to continue fighting the lawsuit from those creditors in New York, blocking a bid to bring the case to Mexican courts.