Iusacell’s Creditors Want Payments

Creditors of Mexican cell phone operator Iusacell have asked for the accelerated payment of principal and interest of the company’s $350 million debt, due December 2006. Iusacell has not made any payments on its debt since June 2003 when the company was bought by Ricardo Salinas Pliego. Creditors also asked Iusacell for an early repayment of debt in January 2004.