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 November 6, 2002
IUSACELL GROUP, INC.
(Translation of registrant’s name into English)
Prol. Paseo de la Reforma 1236
Col. Santa Fe, Deleg. Cuajimalpa
05438, Mexico D.F.
(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 o
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 Noo
Documents Furnished By the Registrant
1. Press Release of the Registrant
dated November 6, 2002
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. |
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| Date: November 6, 2002 | /s/ Russell A. Olson |
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| Name: | Russell A. Olson |
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| Title: | Executive Vice President and Chief Financial Officer |
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Iusacell Announcement
IUSACELL ANNOUNCES INTENDED DEBT
RESTRUCTURING PROCESS
Investor Contacts:
Russell A. Olson
Chief Financial Officer
011-5255-5109-5751
russell.olson@iusacell.com.mx
Carlos J. Moctezuma
Manager, Investor Relations
011-5255-5109-5780
carlos.moctezuma@iusacell.com.mx
Mexico City, November 6, 2002 - Grupo Iusacell, S.A. de C.V. [BMV: CEL, NYSE: CEL] today announced that it has initiated the process of evaluating different alternatives for the purpose of restructuring its debt, including the selection of advisors.
Management believes that as part of
the re-engineering process to refocus the Company on high-value
customers, this is the appropriate time to initiate the restructuring
of its debt. Iusacell continues to be in full compliance with all of
its debt covenants.
The Company will communicate further information when more
specific data becomes available.
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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, León and Mérida. The Company’s service regions encompass a total of approximately 91 million POPs, representing approximately 90% of the country’s total population. Iusacell is under the management and operating control of subsidiaries of Verizon Communications Inc. (NYSE: VZ).
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