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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: KaiserSosze who wrote (31485)	4/20/1999 4:52:00 PM
From: scotts	Respond to of 122087

qcom press release. talks about cdma growth www4.techstocks.com

To: KaiserSosze who wrote (31485)	4/20/1999 4:53:00 PM
From: Gary Stover	Respond to of 122087

LWIN - more news.... Related Quotes LWIN 18 1/2 +1 5/16 Tuesday April 20, 4:31 pm Eastern Time Company Press Release SOURCE: Leap Wireless International, Inc. Leap Wireless International Closes Acquisition of 100% of Chilesat PCS, Commits to Investment in the Promising Wireless Carrier - Long Term, Leap to Seek Strategic Chilean Equity Partner - SANTIAGO, Chile, April 20 /PRNewswire/ -- Wireless communications carrier Leap Wireless International, Inc. (Nasdaq: LWIN - news) today announced it has closed its acquisition of 100% of Chilesat Telefonia Personal S.A. (Chilesat PCS). Leap also committed to further investment to spur the growth of the nationwide wireless carrier. The first of that investment has been made simultaneously with the acquisition. Leap's investment is expected to re-energize sales and marketing efforts, expand network capacity, and aggressively grow the business. Chilesat PCS launched commercial service in September 1998 and had approximately 27,000 subscribers as of Feb. 28, 1999, the end of Leap's second quarter of fiscal 1999. In a $50 million transaction, Leap has purchased the remaining 50% of Chilesat PCS from Telex-Chile, a Chilean telecommunications company, and its affiliate, Chilesat S.A. The transaction is structured with a $28 million cash payment and a deferred payment obligation of $22 million. ''We believe in the potential of the Chilean wireless market and the role of Chilesat PCS in its growth,'' said Harvey P. White, chairman and CEO of Leap. ''As owner of the company, Leap can more effectively provide its management, technical, deployment and financial expertise to make the network a success. Over the long term, Leap anticipates bringing one or more additional equity partners into the venture. In particular, we will seek a strategic Chilean equity partner because we view Chilesat PCS first and foremost as a strong Chilean company.'' ''Leap's immediate and future investments in Chilesat PCS are excellent news for our existing and future customers,'' said Richard Sutherland, general manager of Chilesat PCS. ''Now Chilesat PCS will be able to meet the extraordinary demand for high-quality wireless service.'' At 6.5% wireless penetration, the fast growing Chilean wireless market is poised for more impressive growth due to the introduction of Calling Party Pays billing in February 1999.