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

To: straight life who wrote (25125)	3/25/1999 10:33:00 PM
From: Ruffian	Read Replies (2) \| Respond to of 152472

Q & Pegaso> Mexico's Pegaso Gets $100 Mln Loan to Finance Phone Network Mexico's Pegaso Gets $100 Mln Loan to Finance Phone Network Mexico City, March 25 (Bloomberg) -- Mexican wireless telephone provider Pegaso PCS SA said it got a $100 million loan to finance the expansion of its digital network. The loan, which is guaranteed by Pegaso's equipment provider Qualcomm Inc., completes the company's financing needs of about $1.1 billion to build the first stage of its telephone system. Pegaso, which is 33 percent owned by San Diego-based Leap Wireless International Inc., plans to expand its network this year to Monterrey, Guadalajara and Mexico City after starting commercial operations in Tijuana last month. The financing reflects the strength of the company and the confidence foreign investors have in Mexico, Alejandro Diez Barroso, Pegaso's chairman, said in a statement. The company gave no further details about the financing. Pegaso has additional financing from Qualcomm, in the form of an equipment-supply agreement for about $600 million, and has a financing agreement for about $270 million worth of equipment with France's Alcatel SA. Grupo Televisa SA, the largest broadcaster in Mexico, also has a stake in Pegaso. NYSE/AMEX delayed 20 min. NASDA