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To: Maurice Winn who wrote (57910)	11/15/2009 10:43:06 AM
From: elmatador	1 Recommendation Read Replies (1) \| Respond to of 219951

Jews of GVT better than amateurs Q. you´re funny. Tech bubble debacle: the ones who had cujones and stayed on are gorging. You need to get out of this little hole NZ. There is a real world out there. November 14, 2001 Qualcomm was trying desperately to be relevant and went to create Vesper. Amateurs lost to the professionals.

To: Maurice Winn who wrote (57910)	11/15/2009 10:56:38 AM
From: elmatador	Read Replies (1) \| Respond to of 219951

what Q did wrong: acquired Vesper with the goal of using 1900MHz to deliver mobile services and dump CDMA in Brazil, at a time they were massively going GSM. Qualcomm announced its intention to sell Vesper in April (2003), after Brazil's telecoms regulator Anatel formally rejected Vesper's request to use its 1900MHz fixed wireless network to offer mobile services. Qualcomm holds an 86% stake in Vesper. Regulator blocked. As a result failed: Brazilian incumbent long distance provider Embratel (NYSE: EMT) announced Monday evening an intent to acquire 100% of Vesper, a fixed wireless operator and competitive local exchange carrier for two of the country's three fixed line service regions. Under the terms of the letter of intent signed with Vesper controller Qualcomm (Nasdaq: QCOM), Embratel will not expend any cash nor assume any Vesper debt. Rather, Vesper will sell its transmission towers to Qualcomm, which in turn will lease them to Embratel. Qualcomm will use profits from the tower sale to pay off Vesper's existing debt and to fund Vesper's short-term capital needs. Bear Stearns Latin America fixed line analyst Rizwan Ali told BNamericas he was surprised that Embratel managed to pull off an acquisition of Vesper without having to assume any debt. As a result, Ali labeled the deal as a good one for Embratel. "[The sale] appears to be a dumping by Qualcomm, to get out of the situation quickly," he said bnamericas.com

To: Maurice Winn who wrote (57910)	11/15/2009 11:01:11 AM
From: elmatador	Respond to of 219951

Who comes and invest in real business, wins. GVT came to a place where no one as looking too carefully: veryone was looking to S. Paulo and Rio. They went to Curitiba and built a business. Not because it was bubble gravy train. Not because they had any tehnology no one wanted and thought Brazilians were stupid to be part of it, they want to make a viable business. Thye stayed on. This week they sold for the ones who woke up too late that Brazil is the place to be. And there will be many comore coming. They will come to ride the coat tails of the skyrocketing Brazil. LOL!