Sin Do not forget - Vodafone paid $973.4 million to Peralta back in 2001 for a 34% stake in Grupo Iusacell, for a subscriber base of 1.5 million users. here is the link <A HREF="http://money.cnn.com/2001/01/06/europe/vodafone/" target="_blank">http://money.cnn.com/2001/01/06/europe/vodafone/</A> Forget your Mexican 'poor man, no money for broadband' basher argument - Vodafone paid $650 per sub for 34% ownership. Now what is GTEM going to be worth for 49% of 250,000 subscribers...shall we say $1 Billion perhaps. schnizzle