MasTec Receives More Than $450 Million In New Contracts
March 14, 2000
MIAMI, March 14 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that the Company's internal and external network service lines have been awarded more than $450 million in new infrastructure contracts over the last several months. The scope of work includes voice and data network installations, Internet and broadband network projects, and intelligent transportation systems. On average, the work under these agreements will be performed over 18 months.
MasTec received these contracts from existing and new commercial clients, including COLO.COM, IBM, Lawton Cablevision, Level 3, MCI Worldcom, Sprint PCS, US West, Williams Communications, WinStar, Worldwide Fiber USA, and various broadband companies and departments of transportation.
MasTec is the leading end-to-end communications and energy infrastructure service provider in North America. MasTec <www.mastec.com> designs, builds, installs and maintains internal and external networks supporting the Internet, Internet-related applications, and other communications and energy facilities for leading telecommunications, cable television, energy and Fortune 500 companies.
This press release and any accompanying documents contain or may contain
forward-looking statements, such as statements regarding the Company's future
growth and profitability, growth strategy, and anticipated trends in the
industries and economies in which the Company operates. These forward-looking
statements are based on the Company's current expectations and are subject to
a number of risks, uncertainties, and assumptions. Should one or more of
these risks or uncertainties materialize, or should the underlying assumptions
prove incorrect, actual results may differ significantly from results
expressed or implied in any forward-looking statements made by the Company in
this Press Release. These and other risks are detailed in this Press Release
or documents filed by the Company with the Securities and Exchange Commission.
The Company does not undertake any obligation to revise these forward-looking
statements to reflect future events or circumstances.
SOURCE MasTec, Inc.
Web site: http: //www.mastec.com
CONTACT: Carmen M. Sabater, Senior Vice President & CFO, MasTec, 305-406-1866, or e-mail, firstname.lastname@example.org