Chilesat....a company purchased and later sold by Southern Cross...
Chilesat was originally sold to Southern Cross for $70 mil in early 2002. Two years later this same company was sold for $118 mil. ULTR will do even better than that....as it is in far far better position than Chilesat was in 2001...basically bankrupt.
Telmex Corp SA provides telecommunications services, primarily long distance services to residential and corporate customers in Chile. It provides public international long distance, domestic long distance, private long distance services, and Internet access to end users. The company’s telecommunications business services for corporate customers include private long distance networks for large volume customers, digital leased lines, telex, Internet services, and switched data transmission, as well as video and audio satellite links for broadcasting corporations. The company was formerly known as Chilesat Corp SA and changed its name to Telmex Corp. S.A. in 2004. Telmex Corp SA is based in S
Laura what position we are in changes as the money flows to ULTR from Southern Cross taking the short term financial risk out and providing the capital to grow the business. When we have the EOY and the 1 qt report mid May it will become clear how far we have come and we will have a good idea of what 2013 will be. ON the CC there was talk of expanding the support of offshore PV"s thur build or buy. In a few days we will see how this is viewed by the market. Consider the days of sub $2 good by. , Good buy or as you say Strong Buy