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To: Harvey Rosenkrantz who wrote (7413)	1/21/1998 11:31:00 PM
From: Sorin A. David	Respond to of 152472

Yes, the Mexico agreement is news to me too. I wonder why no mention was made of Brasil; hope they didn't stall... OT. It should be a very interesting day tomorrow with the after hours NASDAQ down 1150 basis points. I think all because of Asia being down huge again. When will it stop?????

To: Harvey Rosenkrantz who wrote (7413)	1/22/1998 3:10:00 AM
From: Caxton Rhodes	Read Replies (1) \| Respond to of 152472

Harv- here is the Mexican Auction info: Looks like the Q is playing with...Pegaso? Caxton Mexico Announces Open Ended Auction for WLL Licenses By Katherine Baldwin for Bloomberg News 14-NOV-97 Mexico's Federal Telecommunications Commission said 14 companies qualified to take part in an auction of local, wireless telephone frequencies. The auction begins on Monday and may last for weeks as bidders present proposals through several rounds. As each round ends the government will tell bidders which was the highest bid and will set a new round to see if at least one bidder is willing to pay more. The process will continue until no higher bids are put forward. Among those planning to bid for the 18 concessions to operate frequencies are Mexico's three leading telephone companies: Telefonos de Mexico SA, or Telmex; Alestra SA, a joint venture between AT&T Corp., industrial group Alfa SA and Grupo Financiero Bancomer SA; and Avantel SA, a partnership between MCI Communications Corp. and Grupo Financiero Banamex-Accival SA. Also bidding are Bell Atlantic Corp.'s Grupo Iusacell SA and Telefonica Inalambrica del Norte SA, or Telinor. The sale of the concessions, which will be used to offer fixed or mobile wireless services across Mexico, is the latest stage of the government's project to open its telecommunications industry to private competition. Mexico ended Telmex' 48-year monopoly over the long-distance telephone industry on January 1. Mexico hopes local telephone competition will help to boost the number of phone lines per 100 inhabitants to 20 from 10 currently. In the US, there are 60 phone lines per 100 inhabitants. Mexico also hopes to broaden the types of services offered and encourage lower prices. It is not known how much the government will obtain from the auction. Telinor said it plans to spend $1 billion during its first five years of operation to install local phone systems in some of Mexico's main cities. Also taking part in the auction are Bestel SA, Miditel SA, Grupo Hermes SA, Bazan SA, Innovacion en Telecomunicaciones SA, Radiomovil Dipsa SA, Sistemas Profesionales de Comunicacion SA, SMR Mexico SA and Qualcomm & Pegaso. Many of the smaller companies hope to win concessions that cover certain regions of the country. Mexico is divided into nine regions in terms of telephone frequencies. Following is a list of the number of concessions, type and location of the frequencies Mexico plans to auction: 9 fixed or mobile wireless For each region 2 30 MHz -- from 1850 to 1990 MHz For each region 2 10 MHz -- from 1850 to 1990 MHz For each region 4 50 MHz -- from 3.4 to 3.6 GHz For each region 1 from 440 to 450, from 485 to 495 MHz