To: DaveMG who wrote (28194 ) 4/23/1999 2:54:00 PM From: DaveMG Read Replies (1) | Respond to of 152472
<Ericsson will get this infra contract? Can someone confirm?> Company Press Release Bell Canada International Consortium Wins Sao Paulo State Telecom License Creates Brazil's Largest Fixed Telephony Footprint MONTREAL, QUEBEC--Bell Canada International Inc. (''BCI'') announced today that a BCI-led consortium bidding under the name Megatel do Brasil (''Megatel'') has submitted the winning bid for the operating license to provide competitive local exchange services in the key Brazilian State of Sao Paulo. The winning bid contained a license fee of R$70 million (US$41 million) - the minimum price set by the Brazilian government - and a network plan to cover the major cities of the Sao Paulo State. Sao Paulo State is the most populous and economically advanced of the 27 Brazilian states, with a population of 35 million and a 1997 GDP per capita in excess of US$8,000. The State economy and population constitute the single largest market in South America, similar to that of Argentina. The winning consortium brings to the Sao Paulo CLEC a unique combination of expertise in the areas of building and successfully managing telecommunications operations, advanced technology and international finance, as well as experience in the Sao Paulo market. BCI owns a 35.3 percent interest in the consortium and is joined by WLL International Inc. (35.3 percent), Qualcomm Incorporated (Nasdaq:QCOM - news; 16.6 percent) and the Liberman Group of Argentina (12.8 percent). In January of 1999, the same consortium, acting under the name ''Canbra Telefonica'', won the license to provide service in the Northeast region of Brazil, which is contiguous to Sao Paulo State, and is home to almost 90 million people. The addition of Sao Paulo gives the consortium a combined licensed territory with approximately 125 million residents, including the cities of Greater Sao Paulo, Greater Rio de Janeiro, Belo Horizonte and Salvador. These two territories form the equivalent of the world's ninth most populous country and ninth largest economy. The consortium plans to service the area primarily via state-of-the-art fixed wireless access technologies capable of providing a range of switched or internet-based services. Derek Burney, Chairman and CEO of BCI, welcomed the news, stating ''The combination of Sao Paulo and the Northeast region of Brazil creates the largest fixed telephony service footprint in Brazil today, and will make BCI the world's largest operator of fixed wireless access networks. With BCI taking on the lead operating role in these ventures, the consortium will benefit from our experience at Axtel S.A., which is deploying a similar network in Mexico to provide competitive exchange services on a nation-wide basis.'' BCI is in the business of building and developing world-class communications companies in markets outside of Canada, with a focus on Latin America and the Asia-Pacific region. The company's affiliated operations provide a range of high quality and innovative services to more than 3.6 million subscribers in eight countries, primarily via digital, wireless networks. A subsidiary of BCE Inc. [NYSE:BCE - news], Canada's largest communications company, BCI is listed on the Montreal and Toronto stock exchanges under the symbol BI, and on the Nasdaq National Market under the symbol BCICF. biz.yahoo.com