Avantel S.A.

Motorola, Inc. of the United States and ABN AMRO Bank, N.V. of the Netherlands received MIGA guarantees of $5 million and $30 million, respectively, for their equity and loan investments in a wireless digital trunk communications system in Colombia. MIGA's coverage protects the investments against the risks of expropriation, transfer restriction, and war and civil disturbance.

The project enterprise, Avantel, S.A., will a wireless communications system in Colombia. The system will include multiple features, such as dispatch radio, telephone interconnect, paging, and data transmission. The main switching office for communications system will in Bogota, and base cell sites will installed throughout the country to service to approximately 60,000 businesses.

The project will create about 200 technical, professional, and managerial jobs for Colombians. These employees will receive sales and management training in Colombia and the United States.