UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 6-K

       REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                        For the month of September, 2003
                                         ---------------

                          GRUPO IUSACELL, S.A. de C.V.
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                 (Translation of registrant's name into English)

                         Prol. Paseo de la Reforma 1236
                        Col. Santa Fe, Deleg. Cuajimalpa
                               05438, Mexico D.F.
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                     (Address of principal executive office)

Indicate by check mark whether the registrant files or will fill annual reports
under cover of Form 20-F or Form 40-F:       Form 20-F  [X]     Form 40-F ____


Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g-3-2(b) under the Securities and Exchange Act of
1934.      Yes [X]      No____




Documents Furnished By the Registrant

1. Press Release of the Registrant dated September 2, 2003

                                   SIGNATURES

Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

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

Date: September 2, 2003                       /s/ Jose Ignacio Morales Elcoro
                                              ----------------------------------
                                              Name:  Jose Ignacio Morales Elcoro
                                              Title: Attorney in fact

                                              /s/ Jorge Narvaez Mazzini
                                              ----------------------------------
                                              Name:  Jorge Narvaez Mazzini
                                              Title: Attorney in fact






[LOGO] IUSACELL                                            [Iusacell Letterhead]

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Iusacell Announcement
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Mexico City,  September 2, 2003 - Grupo Iusacell,  S.A. de C.V. [BMV: CEL, NYSE:
CEL]  ("Iusacell" or the "Company")  announced today that its subsidiary,  Grupo
Iusacell Celular,  S.A. de C.V. ("Iusacell  Celular") has received an additional
extension of its  temporary  Amendment and Waiver (the  "Amendment")  of certain
provisions and technical  defaults under its US$266 million Amended and Restated
Credit  Agreement,  dated as of March 29,  2001 (the  "Credit  Agreement").  The
Amendment originally expired on August 14, 2003.

As  modified,  the  Amendment  is now  scheduled  to expire on  October 30 2003,
subject  to earlier  termination  under  certain  circumstances.  The  Amendment
contains  covenants  which  restrict  Iusacell  Celular  from  making any loans,
advances,   dividends,   or  other   payments  to  the  Company  and  require  a
proportionate  prepayment of the loan under the Credit Agreement if it makes any
principal or interest  payments on any of its  indebtedness  for borrowed money,
excluding capital and operating leases.

This  extension  places the  Company  out of a default  status  under the Credit
Agreement;  however,  if  the  Amendment  is  not  further  extended,  upon  its
expiration  Iusacell  Celular would be in default of a financial  ratio covenant
under the Credit  Agreement,  which  would  constitute  an Event of Default  (as
defined in the Credit Agreement) as if the Amendment had never become effective.

                             **********************

About Iusacell

Grupo  Iusacell,  S.A. de C.V.  (Iusacell,  NYSE:  CEL;  BMV: CEL) is a wireless
cellular and PCS service  provider in seven of Mexico's nine regions,  including
Mexico City, Guadalajara, Monterrey, Tijuana, Acapulco, Puebla, Leon and Merida.
The Company's  service  regions  encompass a total of  approximately  92 million
POPs, representing approximately 90% of the country's total population.

This  press  release  contains  statements  about  expected  future  events  and
financial   results   that  are   forward-looking   and  subject  to  risks  and
uncertainties.  For those  statements,  the Company claims the protection of the
safe harbor for forward-looking  statements  contained in the Private Securities
Litigation  Reform Act of 1995.  Discussion  of factors  that may affect  future
results is contained in our filings with the Securities and Exchange Commission.