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Grupo Iusacell

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Last updated: 29 Oct 2004 Update History

Report Status: Archived

Report Pages: 8

Analyst: Lucia Bibolini

Synopsis

Archived report: this report was archived in August 2005 and was last updated in October 2004. Listed on the Mexico and New York stock exchanges, Iusacell is controlled by Mexican media magnate Ricardo Salinas. Targeting primarily high-value users, Iusacell provides cellular service in seven of Mexico’s nine regions. Iusacell’s market share fell from 9% in 2002 to 4% in mid-2004. In an effort to tempt back users, Iusacell rolled out a CDMA2000 1xRTT offering through all of its operating regions. The company announced that it would continue its daily operations until a restructuring agreement could be found with its creditors.

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