SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 14 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) March 19, 1998
MASTEC, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-3797 59-1259279
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State of Other Jurisdiction (Commission (IRS Employer
Of Incorporation) File Number) Identification No.)
3155 N.W. 77th Avenue, Miami, Florida 33122-1205
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Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (305) 599-1800
N/A
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events
On March 19, 1998, MasTec, Inc. announced it obtained a license in
Paraguay to construct and operate a personal communication system (PCS) with
national coverage. The development of the system will be shared by Inepar S/A
Industria e Construcoes, MasTec's partner in Brazil, and Iecsa S.A., a
subsidiary of the Macri Group, its partner in Argentina and Chile. The Company
will operate under the name Comunicaciones Personales, S.A. (Copesa).
On April 2, 1998, the Company announced approval by the Board of
Directors of a stock repurchase program under which the Company, from time to
time, may acquire up to 3,000,000 shares of its common stock through open market
transactions at prevailing market prices.
On April 22, 1998, the Company announced that Julio G. Rebull, Jr.
has joined the Company in the newly created position of Senior Vice President of
Marketing and Corporate Communications.
The Company has issued press releases announcing the foregoing events,
copies of which are attached as exhibits 99.1, 99.2, and 99.3, which are
incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c)
99.1 Press release dated March 19, 1998.
99.2 Press release dated April 2, 1998.
99.3 Press release dated April 22, 1998.
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: April 24, 1998. /s/ Edwin D. Johnson
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Edwin D. Johnson
Senior Vice President-
Chief Financial Officer
(Principal Financial Officer
and Authorized Officer)