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Movilpage to Acquire Wireless Broadband in Argentina

Movilpage Communications, Inc. announced Friday it has entered into an agreement to acquire 90 percent of an Argentine company holding a nationwide 38 Ghz broadband wireless license in Argentina.

The acquisition will allow Movilpage to become a fixed wireless broadband access provider in one of the largest international markets in the world. The license allows for the provision of broadband services such as high-speed internet access, data networking, multimedia and video conferencing.

The company's initial service area covers Buenos Aires and the five largest cities which account for well over 18 million inhabitants or approximately half of the national population.

These cities represent the country's highest concentration of corporate, industrial and high-volume residential telecommunications customers.

"This acquisition will allow the company the opportunity to offer broadband wireless services to one of the most dynamic and promising countries in the emerging markets. Argentina is one of the fastest-growing data services markets in Latin America, and with telecom deregulation taking place, Movilpage is now in an ideal position to offer voice telephony services in the future," Stanley J. Koziol, president & CEO of Movilpage Communications.