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To: DaveMG who wrote (21027)	1/9/1999 9:43:00 AM
From: Ruffian	Respond to of 152472

News> From the January 11, 1999 issue of Wireless Week Hurdle Appears For Flying Leap By Bill Menezes Leap Wireless International Inc. stubbed a toe with its initial moves to quickly create a personal communications services footprint in three Southeastern states. Several competitors and the federal Small Business Administration challenged Leap's request to the FCC for "designated entity" status, a linchpin of Leap's strategy to offer integrated fixed-mobile digital wireless services to the mass consumer market. At issue is the ownership of Leap, whose assets consist primarily of international wireless carrier equity investments spun off from Qualcomm Inc. last September. As part of the transaction Qualcomm, which remained Leap's primary network infrastructure supplier, extended a $265 million line of credit to Leap and retained a 10-year warrant to buy 18 percent of its equity. Leap last week agreed to acquire C-Block carrier Chase Telecommunications Inc., which owns spectrum in Tennessee and parts of surrounding states. Chase launched its inaugural Chattanooga, Tenn., system last September using Interim Standard-634 code division multiple access network infrastructure supplied by Qualcommwhich spun off its 7.2 percent stake in Chase as part of Leapand Alcatel. Leap needs designated entity status to own C-Block spectrum. It needs the status for the Chase acquisition and for an earlier-announced $19.45 million acquisition of spectrum owned in a handful of North and South Carolina markets by AirGate Wireless LLC, which plans instead to build a Sprint PCS affiliate network. Initially, Leap planned to test its fixed-mobile product concept in new markets built using AirGate's spectrum, but believes it can get the product off the ground faster using ChaseTel's existing infrastructure. Leap on Jan. 5 filed a response to the FCC to challenges raised by Western Wireless Corp., DigiPH PCS, Cook Inlet Wireless and North Carolina PCS, which argue that because of its Qualcomm relationship Leap does not qualify as an entrepreneurial "designated entity." "There's a sense from their perspective that we're too closely aligned to Qualcomm," said Dan Pegg, Leap's senior vice president of public affairs, adding that the company can show its independence through stock ownership and the lack of overlap of managers or directors. For ChaseTel, which was rebuffed twice in its attempts to tap the public debt markets for needed capital, the buyout may help accelerate its buildout plans. "The markets are not providing a lot of debt financing to the C Block in general," said Richard McDugald, general counsel for ChaseTel. "We felt this was the best option for all our stakeholders, employees and customers in achieving what we want to achieve, which is to build out our networks."

To: DaveMG who wrote (21027)	1/9/1999 1:20:00 PM
From: Ramus	Read Replies (1) \| Respond to of 152472

Dave, Oui, certainement! C'est très vrai mais la vraie raison de regarder les diagrammes doit comprendre les tendances. Alors si tout va bien un bidon "prévoient" dans une certaine mesure ce qui va se produire ensuite. Walt