MEXICO CITY-Nuevo Grupo Iusacell, S.A. de C.V., Mexico City, placed privately Dec. 9 a $350 million issue of 14.25 percent senior notes due 2006 that it will use to expand its digital network capacity and coverage.Of the net proceeds, $134 million will be placed...
Roberto Colaninno, chairman and chief executive of Telecom Italia, formally abandoned the financial restructuring plan he announced in September. The boards of Olivetti and Tecnost agreed to scrap the plan, which included the transfer of Telecom Italia's 60-percent controlling stake in Telecom Italia Mobile...
Nuevo Grupo Iusacell S.A. de C.V. seems to be making moves to establish a nationwide wireless presence in Mexico.Bell Atlantic Global Wireless Inc. confirmed it is in discussions regarding a combination or alliance that would involve Iusacell, in which Bell Atlantic has a 47-percent...
MEXICO CITY-Nuevo Grupo Iusacell S.A. de C.V. announced two offerings.The first is for the exchange of its full-voting series V American Depository Shares and shares on a one-for-one basis for all series D and L ADSs and shares of Grupo Iusacell S.A. de C.V.The...
To increase the secondary market trading liquidity of Grupo Iusacell's public equity and to give the Mexico City-based wireless carrier greater access to debt financing, a new but allied entity has filed with securities regulators in the United States and Mexico for two related...
NEW YORK-Amid good news about resurging American investments in Latin American mutual funds and the gradual rebound of Brazil's economy, Donaldson Lufkin & Jenrette International announced it has started covering the region's wireless telecommunications carriers."In order to initiate coverage on the Latin American cellular...
WASHINGTON-Even before the Federal Communications Commission can release proposed rules to implement calling party pays service in the United States, its neighbor to the south will implement CPP, said Javier Lozano Alarcon, president of Mexican Federal Telecommunications Commission known as Cofetel.CPP is expected to...
The domestic telecom market is abuzz with mergers, acquisitions and mega-deals. The industry is consolidating again, not so long after AT&T Corp. was broken up into Baby Bells; cellular and then personal communications services licenses were awarded, and carriers of all stripes began competing...
MEXICO CITY-Grupo Iusacell has announced plans to obtain about $60 million in equity infusions from its two major shareholders, Bell Atlantic Corp. and the Peralta Group, during the next several months."The capital will fund additional analog and network investments and handset purchases needed...
ORLANDO-Economic problems elsewhere in the world have hit home in Mexico's new personal communications services market. Two of the PCS license winners there-Midicel and the SPC consortium-have announced they are worried about being able to make final payments for their licenses, due Sept. 30,...
WASHINGTON-The Mexican government will auction new frequencies for paging, narrowband PCS (two-way paging), trunking and point-to-point microwave. The auctions are scheduled for late 1998 and early 1999, depending on the service, according to the Comision Federal de Telecomunicaciones (Cofetel), Mexico's regulatory agency.Earlier this year,...
MEXICO CITY-Grupo Iusacell announced a restructuring and recapitalization plan aimed at increasing liquidity of its public shares, providing proceeds to pay for PCS (Personal Communications Services) licenses in northern Mexico and creating more flexibility to obtain debt financing for its capital expenditures program, said...
MEXICO CITY-Grupo Iusacell announced a restructuring and recapitalization plan aimed at increasing liquidity of its public shares, providing proceeds to pay for personal communications services licenses in northern Mexico and creating more flexibility to obtain debt financing for its capital expenditures program, said the...
BrazilBrazilian B-band operator Americel will deploy Northern Telecom Ltd.'s (Nortel's) Small Wireless Switch to fulfill its concession obligation of serving all state capitals in its coverage area within one year of operation.BCP S/A, Brazilian B-band operator for the metro region of S
NEW YORK-In a "three-peat" of its 1995 and 1996 performance, AT&T Corp. again took first place in revenues and net income among carriers last year, despite a marked decline in profits year-to-year.AT&T closed its last fiscal year with $51.32 billion in revenues, up 1.53...
PHILADELPHIA-Less than two weeks after it purchased two 10-megahertz licenses in northern Mexico for $58 million, Iusacell began offering digital personal communications services.Bell Atlantic Corp. owns 42 percent of Iusacell and took management control of the cellular operator in February 1997. The new licenses...
WASHINGTON-The heat is up again in Latin America, and it has nothing to do with El Nino.The region's unmet demand for services and high potential for growth have called the attention of Americans, Europeans and Asians vying for a piece of the action. Until...
Corsair Communications Inc. reported a net income of $2.8 million, or 19 cents per share, compared with a net loss of $3.1 million, or 40 cents per share, for the same quarter last year.Revenues for the first quarter were $15.2 million, an increase of...
MexicoGrupo Iusacell inaugurated its new Code Division Multiple Access network with a phone call by the company's president, Fulvio del Valle, from its headquarters in Mexico City to a nearby community. The launch marks the first phase of Iusacell's $200-million network modernization plan to...
PHILADELPHIA-Grupo Iusacell, Bell Atlantic Corp.'s communications venture in Mexico, plans to launch Mexico's first Code Division Multiple Access network as part of a $200 million upgrade beginning in Mexico City early next year, said the company.Lucent Technologies Inc. will provide the CDMA infrastructure equipment...
NEW YORK-Two months into Bell Atlantic Corp.'s completed acquisition of Nynex Corp., company executives told the investment community they expect greater savings and higher earnings growth than originally envisioned for the merged company."Unlike dilutive mergers, this was an accretive merger, and we expect double-digit...
Globe Telecom selected Nokia Corp. to supply infrastructure equipment and wireless local loop subscriber terminals for a fixed telephone project in the Philippines. Nokia's Global System for Mobile communications infrastructure and PremiCell WLL equipment will be used in the initial phase of trial applications...
Euristix Ltd. and Tellabs are working together to develop Tellabs' Titan 550 Element Management System using the Euristix Raceman EMSX platform development toolkit based on Windows NT. The companies said the 5500 EMS increases operational efficiency and through a variety of northbound interfaces will...
