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

To: bdog who wrote (22504)	2/4/1999 9:57:00 PM
From: Ruffian	Respond to of 152472

Q,On The Move> Thursday February 4, 9:04 pm Eastern Time Bell Canada group may bid on more Brazil phone cos BRASILIA, Feb 4 (Reuters) - A consortium including Bell Canada International Inc. (Toronto:BI.TO - news) and WLL International said Thursday it could boost its investments in Brazil, bidding on one or both of the country's remaining telephone concessions in April. ''We are going to analyze the possibility of competing for one or both of the areas in the next few weeks,'' said WLL International's David Leonard. The consortium known as Cambra, which also includes Qualcomm Inc.'s (Nasdaq:QCOM - news) Qualcomm do Brasil and Brazilian industrial group Vicunha, bought a concession in January to develop a telephone network that will compete with Tele Norte Leste . Brazil also sold a concession to develop a long-distance carrier last month. On April 23 it plans to sell concessions to develop ''mirror'' fixed-line companies to compete with Telesp Participacoes and with Tele Centro Sul in Brazil's south. The sale of the remaining two concessions was postponed until March 11 when they failed to attract bidders. On Wednesday, Anatel telecom watchdog agency said it would delay the sale another six weeks until April 23 at the request of potential bidders. Anatel said three groups, including the Cambra partners, are interested in bidding on the two remaining licenses. Cambra delivered 24 million reais ($13.3 million) to the Ministry of Communications Thursday to pay for part of its first purchase in January. Members also reiterated they plan to invest $1 billion to develop the network over the next couple of years.