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Technology Stocks : Leap Wireless International (LWIN) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Vayda who wrote (127)	10/26/1998 9:03:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 2737

Jeff, All>Leap-Chile;> Leap Wireless International Operating Company Chilesat Telefonia Personal, S.A. Launches Commercial Wireless Service in Chile PRNewswire - Chilean Carrier to Provide Latin America's First Nationwide CDMA Network - SAN DIEGO, Oct. 26 /PRNewswire/ -- Wireless communications carrier Leap Wireless International, Inc. (Nasdaq: LWIN) today announced that one of its operating companies, Chilesat Telefonia Personal, S.A. (Chilesat PCS), has launched commercial wireless service in Chile that will provide nationwide coverage in the 1900 MHz bandwidth. Chilesat PCS is the first carrier in Latin America that will offer a nationwide network leveraging the power of Code Division Multiple Access (CDMA) digital technology. In addition, Chilesat PCS is the only CDMA carrier in Chile, a market of 14.9 million potential customers (POPs). Leap Wireless believes that the quality of the service and CDMA's secure, clear voice communications and data services will make Chilesat PCS desirable among wireless users. Leap Wireless believes Chile is a promising market with potential for growth in wireless communications because teledensity is only 16% and a mere 4.4% of Chileans use wireless services. "Wireless is the fastest, most cost-effective way to build teledensity, and we are excited that our nationwide CDMA network will bring the economic benefits of reliable telecommunications infrastructure to all of Chile," said Harvey P. White, chairman and CEO of Leap Wireless. "We plan to meet the demand for improved telecommunications by delivering high-quality wireless communications and first-class customer service to the Chilean market." Chilesat PCS is a joint venture owned 50% by Leap Wireless and 50% by Telex Chile and its affiliate, one of the country's long-distance operators. Chilesat PCS customers benefit from per-second billing and features such as call waiting, three-way calling and call forwarding, along with the highest quality voice service available today. Headquartered in San Diego, California, Leap Wireless is a wireless communications carrier that deploys CDMA networks in domestic and international markets with strong growth potential. Leap Wireless was spun off from [ QUALCOMM Incorporated ] on September 23, 1998. In conjunction with its strategic partners, Leap Wireless is building or anticipates building a combination of fixed and mobile wireless solutions in Mexico, Chile, Australia, Russia and the United States. The world is going wireless, and Leap believes CDMA is the technology of choice to increase the teledensity that is critical to economic growth. For each of its ventures, Leap Wireless expects to be actively involved in the management of the networks, combining its experience in international markets with its wireless technical expertise in CDMA. Leap Wireless is dedicated to bringing the benefits of reliable, cost-effective and high-quality voice and data services to domestic and emerging markets. For more information about Leap Wireless, please visit the company's web site at leapwireless.com. This news release contains certain "forward-looking statements." Forward- looking statements, which are based upon certain assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project" or similar expressions. The ability of the Company to predict actual results and other future events is inherently uncertain. Important factors which may cause actual results to differ materially from the forward-looking statements contained herein or in other public statements by the Company are described in the section entitled "Risk Factors" in the Company's Information Statement filed with the Securities and Exchange Commission on September 14, 1998. Those risk factors include the uncertainties relating to costs and profitability of development stage companies, the substantial leverage of Leap Wireless and its operating companies, the uncertainties regarding Leap Wireless' ability to access capital markets, and the risks associated with international emerging markets. SOURCE Leap Wireless International, Inc. (Copyright 1998) _____via IntellX_____ Publication Date: October 26, 1998 Powered by NewsReal's IndustryWatch ...back to top