Iusacell Announcement

MEXICO CITY, May 6 /PRNewswire-FirstCall/ -- Grupo Iusacell, S.A. de C.V., (BMV: CEL) announced that in regards to a May 3 press release concerning receipt of a notice from the Trustee Agent of the Bond due in 2006, the notice does not affect discussions nor does it alter the debt restructuring process.

Grupo Iusacell reiterates its commitment to continue negotiations with creditors to try to reach a comprehensive restructuring agreement as soon as possible.

About Iusacell

Grupo Iusacell, S.A. de C.V. (Iusacell, NYSE and BMV: CEL) is a wireless cellular and PCS service provider in Mexico encompassing a total of approximately 92 million POPs, representing approximately 90% of the country's total population. Independent of the negotiations towards the restructuring of its debt, Iusacell reinforces its commitment with customers, employees and suppliers and guarantees the highest quality standards in its daily operations offering more and better voice communication and data services through state-of-the-art technology, such as its new 3G network, throughout all of the regions in which it operate.

Legal Disclaimer

Grupo Iusacell, S.A. de C.V. quarterly reports and all other written materials may from time to time contain statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Discussion of factors that may affect future results is contained in our filings with the Securities and Exchange Commission.

Contact for Investors: Jose Luis Riera K. Chief Financial Officer +011-5525-5109-5927 J. Victor Ferrer Financial Manager +011-5525-5109-5273 vferrer@iusacell.com.mx