Subject: [NEXTEL-1] WSJ.com - Colombia PCS Wireless Bidding Draws Just One Proposal

From: Marcel <[email-masked]>
Date: Wed, 04 Dec 2002 23:07:36 -0500

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Colombia PCS Wireless Bidding Draws Just One Proposal

DOW JONES NEWSWIRES

BOGOTA -- Bidding in Colombia for the sale of three wireless PCS licenses attracted just two local companies, who presented one combined proposal, the companies said in a statement late Tuesday.

No foreign companies presented bids.

Bogota city-owned telephone company Empresa de Telecomunicaciones de Bogota, or ETB, and utility conglomerate Empresas Publicas de Medellin, or EPM, said in a statement they seek, as a team, to become the third cellular operator in Colombia.

Already operating in this Andean nation are BellSouth's (BLS) local unit and market leader Comcel, controlled by Mexico's America Movil (AMX).

These companies weren't allowed to bid in the first round for a PCS license.

PCS allows cellular users to Internet and image capabilities in addition to normal cellular capabilities.

EPM and ETB didn't say for how much their bid was, but ETB President Paulo Orozco told Dow Jones Newswires in July that he expected the price paid to be between $16 million and $23 million. This is far below earlier estimates of more than $130 million for each license.

Government officials are expected to determine a minimum acceptable price for the licenses in the coming days.

A second round of PCS bidding is planned for February that will allow BellSouth and Comcel to participate, though they wouldn't be able to operate until at least 2005.

-By Dan Molinski, Dow Jones Newswires; 571-602-1203; [email-masked]

Updated December 4, 2002 8:15 a.m. EST

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