International FiberCom Inc. Announces $8.0 Million Contract with Telecab S.A. de C.V. in Mexico

Strategic Insights -

International FiberCom Inc. has announced a major breakthrough in its expansion into the international market. The company's wholly owned subsidiary, Kleven Construction Inc., has signed an $8.0 million contract with Telecab S.A. de C.V., the third largest cable operator in Mexico. This contract will provide technical assistance, fiber-optic and other cable installations, and engineering services for new and existing cable systems in Tijuana, Juarez, and Chihuahua. The project aims to install over 1,000 miles of cable in these cities, serving a combined population of 5.5 million.

Key Takeaways:

  • The contract is a significant breakthrough for International FiberCom Inc., marking its first international services contract.
  • The agreement will contribute to a substantial increase in the company's 1995 revenues.
  • The contract involves the installation of over 1,000 miles of cable in the Mexican cities of Tijuana, Juarez, and Chihuahua, serving a population of 5.5 million.
  • The project is expected to enhance Kleven Construction's reputation and establish a long-term relationship with Telecab similar to its partnerships with Times Mirror Cable and US West in the United States.
  • Telecab, one of Mexico's largest cable television companies, is experiencing explosive growth and has a comprehensive development schedule for 1995 and beyond.

Statistics:

  • $8.0 million: The value of the contract signed between Kleven Construction Inc. and Telecab S.A. de C.V.
  • 1,000 miles: The estimated length of cable to be installed in the cities of Tijuana, Juarez, and Chihuahua.
  • 5.5 million: The combined population of the three Mexican cities covered by the project.
  • Three cities: Tijuana, Juarez, and Chihuahua will be the focus of the cable installation project.
  • 1995: The year in which the project is expected to be completed, significantly contributing to International FiberCom Inc.'s revenues.

Sources:

  • Business Wire, "International FiberCom Inc. Announces $8.0 Million Contract with Telecab S.A. de C.V. in Mexico", December 8, 1994.