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

To: Maurice Winn who wrote (24810)	3/23/1999 11:54:00 PM
From: Ruffian	Respond to of 152472

Brazil> 3/22/99 - Brazil: Canbra to invest R$1bil Canbra, that won the concession to compete with the fixed telephones holding Tele Norte Leste plans to set up 1.6mil telephone terminals until end 1999 in 20 cities in the area it covers, of which 500,000 in Rio de Janeiro state. In April Canbra will start contracting equipment & services and will invest R$400mil in 1998, a figure to reach R$1bil until end year 2000. Qualcomm is one of the partners in Canbra, another is Bell Canada, that has a share in Nortel, and is natural that it gives preference to acquire equipment form its partners. Other shareholders in Canbra include WLL International, Lieberman group, and Taquiri. Canbra will use WLL technology, and will have to offer competitive prices to win customers. -0- Source: Gazeta Mercantil Page: b2 Date: March 22, 1999 Country: Brazil Product: Telecommunications Company: Canbra Event: Planning & Information SABI (South American Business Information)