As filed with the Securities and Exchange Commission on May 7, 2003

As filed with the Securities and Exchange Commission on May 7, 2003

Registration No. 333-11900

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

_______________________

POST EFFECTIVE AMENDMENT NO. 1 TO THE

FORM F-6
REGISTRATION STATEMENT
under
THE SECURITIES ACT OF 1933
For Depositary Shares Evidenced by American Depositary Receipts

of

GRUPO IUSACELL, S.A. de C.V.
(Exact name of issuer of deposited securities as specified in its charter)
N/A
(Translation of issuer's name into English)
United Mexican States
(Jurisdiction of incorporation or organization of issuer)

THE BANK OF NEW YORK
(Exact name of depositary as specified in its charter)
One Wall Street New York, N.Y. 10286
(212) 495-1727
(Address, including zip code, and telephone number, including area code, of depositary's principal executive offices)

_______________________

Timothy F. Keaney

The Bank of New York
101 Barclay Street, 22nd Floor

New York, New York, 10286

(212) 815-2129

 (Address, including zip code, and telephone number, including area code, of agent for service)


Copies to:
Peter B. Tisne, Esq.
Emmet, Marvin & Martin, LLP
120 Broadway
New York, New York  10271
(212) 238-3010


For Further Information Contact:

Timothy F. Keaney
The Bank of New York
ADR Department
101 Barclay Street, 22nd Floor

New York, New York, 10286

(212) 815-2129

It is proposed that this filing become effective under Rule 466
[ ] immediately upon filing
[X] on May 9, 2003 at 5:00 p.m.
If a separate registration statement has been filed to register the deposited shares, check the following box.  [ ]



Pursuant to Rule 429 under the Securities Act of 1933, the Prospectus contained herein also relates to the Depositary Shares of the registrant covered by a previous Registration Statement on Form F-6 of the registrant (Regis. No. 333-10512).   

_______________________


The prospectus consists of the proposed revised form of American Depositary Receipt included as Exhibit A to the form of Amended and Restated Deposit Agreement filed as Exhibit 1 to this Post-Effective Amendment No. 1 to the Registration Statement which is incorporated herein by reference.











PART I

INFORMATION REQUIRED IN PROSPECTUS

Item - 1.

Description of Securities to be Registered

Cross Reference Sheet





















Item Number and Caption

Location in Form of Receipt Filed Herewith as Prospectus

1.  Name and address of depositary

Introductory Article

2.  Title of American Depositary Receipts and identity of deposited securities

Face of Receipt, top center

Terms of Deposit:

 

(i)   The amount of deposited securities represented by one unit of American Depositary Receipts

Face of Receipt, upper right corner

(ii)   The procedure for voting, if any, the deposited securities

Articles number 15, 16 and 18

(iii)  The collection and distribution of dividends

Articles number 4, 6, 9, 12, 14, 15 and 18

(iv) The transmission of notices, reports and proxy soliciting material

Articles number 11, 15, 16 and 18

(v)   The sale or exercise of rights

Articles number 6, 13, 14, 15, 18 and 21

(vi) The deposit or sale of securities resulting from dividends, splits or plans of reorganization

Articles number 12, 13, 14, 15, 17 and 18

(vii)  Amendment, extension or termination of the deposit agreement

Articles number 20 and 21

(viii)  Rights of holders of Receipts to inspect the transfer books of the depositary and the list of holders of Receipts

Article number 11

(ix)  Restrictions upon the right to transfer or withdraw the underlying securities

Articles number 2, 3, 4, 5, 6, 8 and 22

(x) Limitation upon the liability of the depositary

Articles number 13, 18, 19 and 21

3.     Fees and Charges

Articles number 7 and 8

Item - 2.

Available Information

Public reports furnished by issuer

Article number 11











PART II

INFORMATION NOT REQUIRED IN PROSPECTUS

Item - 3.

Exhibits

a.

Form of Deposit Agreement dated as of July 6, 1999, as amended and restated as of ____________, 2003, among Grupo Iusacell S.A. de C.V., The Bank of New York as Depositary, and all Owners and holders from time to time of American Depositary Receipts issued thereunder. - Filed herewith as Exhibit 1.

b.

Letter agreement among Grupo Iusacell S.A. de C.V. and The Bank of New York relating to pre-release activities.  – Previously Filed.

c.

Every material contract relating to the deposited securities between the Depositary and the issuer of the deposited securities in effect at any time within the last three years. - See (a) above.

d.

Opinion of Emmet, Marvin & Martin, LLP, counsel for the Depositary, as to legality of the securities to be registered. - Previously Filed.

e.

Certification under Rule 466. - Filed herewith as Exhibit 5.


Item - 4.

Undertakings

Previously Filed.











SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that all the requirements for filing on Form F-6 are met and has duly caused this Post-Effective Amendment No. 1 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on May 6, 2003.

Legal entity created by the agreement for the issuance of American Depositary Receipts for Series V shares of common stock, without par value, of Grupo Iusacell, S.A. de C.V.

By:

The Bank of New York,
 As Depositary

By: /s/ DORI A. FLANAGAN

Name: Dori A. Flanagan

Title: Vice President











Pursuant to the requirements of the Securities Act of 1933, as amended, Grupo Iusacell, S.A. de C.V. has caused this Post-Effective Amendment No. 1 to the Registration Statement to be signed on its behalf by the undersigned thereunto duly authorized, in Mexico City, Mexico on May 6, 2003.

GRUPO IUSACELL, S.A. de C.V.

By:

/s/  Russell A. Olson


Name:

Russell A. Olson

Title:

Chief Financial Officer and Principal Accounting Officer

Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 1 to the Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

Signature

Date



/s/ Carlos Espinal

Name: Carlos Espinal

Title: Chief Executive Officer and Series A Director



May 6, 2003



/s/ Russell A. Olson

Name: Russell A. Olson

Title: Chief Financial Officer and Principal Accounting Officer



May 6, 2003



/s/ Daniel C. Petri

Name: Daniel C. Petri

Title: Series A Director and Chairman of the Board



May 6, 2003



/s/ Al Giammarino

Name: Al Giammarino

Title: Series A Director



May 6, 2003



/s/ Lowell McAdam

Name: Lowell McAdam

Title: Series A Director



May 6, 2003



/s/ Javier Martinez del Campo

Name: Javier Martinez del Campo

Title: Series A Director



May 6, 2003



/s/ Jose Luis Vergara Diez

Name: Jose Luis Vergara Diez

Title: Series A Director



May 6, 2003



/s/ Tomas Isaksson

Name: Tomas Isaksson

Title: Series A Director



May 6, 2003



/s/ Martin Enriquez

Name: Martin Enriquez

Title: Series V Director



May 6, 2003



/s/ Anthony Gilbert

Name: Anthony Gilbert

Title: Series V Director



May 6, 2003



/s/ Alan Harper

Name: Alan Harper

Title: Series V Director



May 6, 2003



__________________________

Name: Ignacio Mas

Title: Series V Director



, 2003



/s/ Ignacio Gomez Morin

Name: Ignacio Gomez Morin

Title: Series V Director



May 6, 2003



/s/ Puglisi & Associates

Name: Puglisi & Associates

Title: Authorized U.S. Representative



May 6, 2003











INDEX TO EXHIBITS

Exhibit
Number

Exhibit

 

1

Form of Deposit Agreement dated as of July 6, 1999, as amended and restated as of ____________, 2003, among Grupo Iusacell S.A. de C.V., The Bank of New York as Depositary, and all Owners and holders from time to time of American Depositary Receipts issued thereunder.

 

2

Previously filed.

 

4

Previously filed.

 

5

Certification under Rule 466.