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Transactions

Jun. 4, 2002

MADRID FIRM BUYS MAJOR STAKE IN MEXICO'S PEGASO

Telefnica Mviles has agreed to acquire a 65 percent stake in Pegaso Telecomunicaciones from existing shareholders, including Leap Wireless International Inc. and Sprint Corp. The deal, announced May 17, is worth $1.36 billion.

        Telefónica Móviles has agreed to acquire a 65 percent stake in Pegaso Telecomunicaciones from existing shareholders, including Leap Wireless International Inc. and Sprint Corp. The deal, announced May 17, is worth $1.36 billion.
        Pegaso's largest creditor, Qualcomm Inc., will receive partial payment of its debt in conjunction with this deal. Other creditors ...

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