NEWS FROM THE STANDARD |
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Venture Buzz: Optics Sector at Eye of Funding Universe
Jan 12 2001 12:59 PM PST
PROFILE |
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VeloCom is bringing high-velocity communications services to Latin America. Founded in 1998 as WLL International, the company offers competitive local-exchange services using wireless local loop, or fixed wireless, technology. Targeting businesses and residential customers in key growth areas in Latin America, VeloCom currently has operations in Argentina, Brazil, and Uruguay. But an industry downturn forced the firm to cancel its planned IPO in 2000 and an attempt to buy the stake in Brazilian unit Vésper held by partner Bell Canada International (BCI) fell through in 2001. VeloCom investors include a unit of Banc of America Securities, Argentina's SLI Wireless, Denver-based Formus, and Telecom Partners.
COMPETITION |
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América Móvil, S.A. de C.V. (AMX)
Diveo Broadband Networks, Inc. (dossier)
Telefónica Móviles, S.A. (TEM)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 0.00
Employees: 2,999
Revenue per employee: $0.00
KEY PEOPLE |
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David J. Leonard
CEO
Barry L. Rowan
CFO
CONTACT INFO |
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5613 DTC Pkwy., Ste. 1100
Greenwood Village, CO 80111
US
Phone: 303-874-1120
Fax: 303-874-1125
Online: Web Site
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