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

To: Jeff Vayda who wrote (139)	11/12/1998 12:35:00 PM
From: Jack Jackson	Respond to of 2737

Thu Nov 12 LWIN Mexico's Pegaso to buy $270 equipment from Alcatel - Reuters

To: Jeff Vayda who wrote (139)	11/12/1998 12:35:00 PM
From: straight life	Read Replies (1) \| Respond to of 2737

Mexico's Pegaso to buy $270 equipment from Alcatel MEXICO CITY, Nov 12 (Reuters) - Mexican telecommunications company Pegaso said on Thursday it will sign an agreement later in the day to buy $270 million of digital equipment from French firm Alcatel . Pegaso said the two firms would sign the deal in the presence of Mexican President Ernesto Zedillo and his French counterpart Jacques Chirac who is on an official visit to Mexico and Central America. Pegaso aims to develop a local telephone network using code division multiple access (CDMA) wireless technology to compete with Telefonos de Mexico (Telmex) , which currently has a monopoly on local service in Mexico. Pegaso's partners include Mexican media firm Grupo Televisa , U.S.-based Leap Wireless International Inc. (Nasdaq:LWIN - news), Citicorp (NYSE:CCI - news), Nissho Iwai Corp and AIG-GE Capital Latin America Infrastructure Fund.