MIAMI, Sept. 11 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced the acquisition of four telecom infrastructure service providers primarily serving local exchange carriers in Midwest and West Coast metropolitan areas. MasTec believes these acquisitions will generate approximately $10 million in revenue, $0.01 in earnings per share, and $0.02 in after tax cash flow per share in the fourth quarter of 2000. For 2001, MasTec believes the acquired companies will generate approximately $60 million in revenue, $0.10 in earnings per share, and $0.13 in after tax cash flow per share. All the acquisitions will be accounted for as purchases.

"With the acquisition of Flaire, Renegade, Cruz-Cell and Dresser-Areia, we have increased our capacity in new and growing local exchange markets in order to better serve our nationwide clients," said Joel-Tomas Citron, President and CEO of MasTec.

MasTec is the largest end-to-end communications and energy infrastructure service provider in North America. MasTec www.mastec.com builds, installs, maintains and monitors internal and external networks supporting 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 MasTec's future growth and profitability, growth strategy, and anticipated trends in the industries and economies in which MasTec operates. These forward-looking statements are based on MasTec'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 MasTec in this press release. These and other risks are detailed in this press release or documents filed by MasTec with the Securities and Exchange Commission. MasTec 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 of MasTec, Inc., 305-406-1866, or csabater@mastec.com