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

To: SKIP PAUL who wrote (29331)	5/6/1999 2:49:00 PM
From: Ruffian	Respond to of 152472

Q News> 1.5 Billion> egatel to Invest $1.5 Bln in Brazil Network, Estado Says Megatel to Invest $1.5 Bln in Brazil Network, Estado Says Sao Paulo, May 6 (Bloomberg) -- A group led by Bell Canada International Inc. said it will invest $1.5 billion over the next three years to develop a fixed-line telephone network in Brazil's Sao Paulo state, O Estado de S.Paulo said. The Megatel group yesterday signed an agreement with the Brazilian telecommunications regulator, Anatel, to begin operations by the end of the year, aimed at installing 33.7 telephones per 1,000 inhabitants in 13 of the 25 cities in Sao Paulo with more than 200,000 residents, the paper said. The group hopes to create as many as 1,000 jobs over the coming three years as it sets up its operations in Sao Paulo, competing with Spain's Telefonica SA, the controller of the state's existing Telesp network. The Megatel group, which includes Qualcomm Inc. and closely held WLL International Inc., paid 70 million reais ($40 million) April 23 for the license to build and operate the new fixed-line network in Sao Paulo, Brazil's wealthiest and most populous state. (OESP 05/06/99 p. B.10) NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.