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To: Ruffian who wrote (30357)	5/19/1999 4:18:00 PM
From: bananawind	Read Replies (1) \| Respond to of 152472

All, Argentine Spectrum Auction Seven firms prequalify for Argentine PCS tender BUENOS AIRES, May 19 (Reuters) - Seven companies have prequalified to participate in Argentina's auction of two Personal Communications System (PCS) wireless telephone licenses, the Communications Department said Wednesday. The seven companies were the only ones to present technical bids and are now tentatively scheduled to bid for two 40 megahertz (MHz) licenses for the Buenos Aires area, the country's most dense and lucrative, on May 27. The base price for each license will be $100 million. The two companies with existing operations in the area, Movicom and Miniphone, have preferential bids for two new 20 MHz licenses, paying the average price per MHz paid for the first two. Communications Subsecretary Alejandro Cima told Reuters last month he expected the process to fetch around $500 million, coming off a base price of $300 million for all four licenses. The Communications Department said the following companies are prequalified to compete: Hutchison Telecomunicaciones Argentinas SA; GTE Corp. (NYSE:GTE - news) affiliate GTE PCS SA; Telefonica Comunicaciones Personales SA - Telecom SA, a venture between Argentina's two largest telephone operators Telefonica de Argentina and Telecom Argentina ; Postcom SA, which is owned by Washington Post Co. (NYSE:WPO - news); Airtech SA, a venture part-owned by Argentine conglomerate Techint; Electrosecur Telecomunicaciones SA; and Inversiones en Telecomunicaciones, owned by Canada's Telesystem International Wireless Inc. (Toronto:TIW.TO - news). The auction has been postponed three times and was only given the go-ahead last week by an Argentine court. The original auction was scheduled for October 1997. PCS systems are touted as having a clearer, stronger signal and using less battery power than other mobile phones. More Quotes and News: GTE Corp (NYSE:GTE - news) Telesystem International Wireless Inc (Toronto:TIW.TO - news) WASH POST CL B (NYSE:WPO - news)