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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (12560)	7/18/1998 7:16:00 PM
From: brian h	Respond to of 152472

gdichaz and all, I do not believe this link has been posted yet. I could be wrong though. It was yesterday news anyway. It certainly did not cause any price appreciation on QCOM as expected (ggg). Friday July 17, 1:59 pm Eastern Time Mexico's Televisa to take 15 pct stake in Qualcomm CANCUN, Mexico, July 17 (Reuters) - Mexican broadcaster Grupo Televisa (TLEVISACPO.MX) (TV - news) will take around a 15 percent stake in a local wireless telecommunications venture between U.S. firm Qualcomm Inc. (QCOM - news) and Mexico's Pegaso PCS, a top Pegaso official said late Thursday. His remarks followed Monday's news that San Diego-based Qualcomm signed a $650 million agreement to form a joint venture with Pegaso, which recently won a bid for a government radio frequency to operate cellular telephone services. San Diego-based Qualcomm announced on Monday it had signed a $650 million agreement to provide telecommunications infrastructure to Pegaso, which paid $256 million for the radio frequencies. ''Televisa has a buy option and has a contract with us,'' Alejandro Burillo Azcarraga, vice chairman of the board of Qualcomm-Pegaso, told Reuters. ''We're saying basically it will be some 15 percent.'' Burillo is also head of Televisa's international affairs department, vice-president of the board and a personal advisor to Televisa head Emilio Azcarraga Jean. Burillo was in Cancun for the signing ceremony between Televisa and 17 Latin American broadcasters on a separate television deal. Brian H.