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<SEC-DOCUMENT>0000950144-07-009602.txt : 20071026
<SEC-HEADER>0000950144-07-009602.hdr.sgml : 20071026
<ACCEPTANCE-DATETIME>20071026101340
ACCESSION NUMBER:		0000950144-07-009602
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20071022
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20071026
DATE AS OF CHANGE:		20071026

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASTEC INC
		CENTRAL INDEX KEY:			0000015615
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623]
		IRS NUMBER:				650829355
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08106
		FILM NUMBER:		071192359

	BUSINESS ADDRESS:	
		STREET 1:		800 DOUGLAS ROAD
		STREET 2:		12TH FLOOR
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134
		BUSINESS PHONE:		3055991800

	MAIL ADDRESS:	
		STREET 1:		800 DOUGLAS ROAD
		STREET 2:		12TH FLOOR
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BURNUP & SIMS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>g10154e8vk.htm
<DESCRIPTION>MASTEC, INC.
<TEXT>
<HTML>
<HEAD>
<TITLE>MasTec, Inc.</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<DIV align="center">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>



<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of<BR>
The Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt">Date of report (Date of earliest event reported): October&nbsp;22, 2007</DIV>


<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B><U>MASTEC, INC.</U></B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Its Charter)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>Florida</B></U><BR>
(State or Other Jurisdiction of Incorporation)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Florida</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>0-08106</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>65-0829355</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of <BR>
incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File<BR>
Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer<BR>
Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>800
S. Douglas Road,
12</B><SUP style="font-size: 85%; vertical-align: text-top"><B>th</b></SUP>
<b>Floor, Coral Gables, Florida 33134</B>
</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 60%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Address of Principal Executive Offices) (Zip Code)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>(305)&nbsp;599-1800</B></U><BR>
(Registrant&#146;s Telephone Number, Including Area Code)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>N/A</B></U><BR>
(Former Name or Former Address, if Changed Since Last Report)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 1.01. Entry into a Material Definitive Agreement</B><B><I>.</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On October&nbsp;22, 2007, MasTec, Inc. (&#147;MasTec&#148; or the &#147;Company&#148;) entered into a settlement agreement
(the &#147;Settlement Agreement&#148;) to settle the Company&#146;s previously disclosed wage and hour lawsuit
regarding the Company&#146;s install to the home employees who were employed by MasTec from October&nbsp;2001
through September&nbsp;28, 2007. The lawsuit which covers current and former employees from California,
Florida, Georgia, Maryland, New Jersey, New Mexico, North Carolina, South Carolina, Texas and
Virginia, is similar to numerous class action lawsuits filed against others nationwide.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In July&nbsp;2005, former employees filed a Fair Labor Standards Act (&#147;FLSA&#148;) collective action against
MasTec in the Federal District Court in Tampa, Florida, alleging failure to pay overtime wages as
required under the FLSA as well as other state law claims dating back as far as October&nbsp;2001.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">While the Company denies the allegations underlying the lawsuit, it has agreed to enter into the
Settlement Agreement in order to avoid significant legal fees, the uncertainty of a jury trial, and
other expenses and management time that would have to be devoted to protracted litigation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Settlement Agreement, which is contingent upon court approval, provides for a gross settlement
payment of no more than $12.6&nbsp;million. This payment is &#147;all inclusive,&#148; including, but not limited
to, unpaid overtime and other wages, any and all associated penalties, legal costs, and attorneys&#146;
fees. The gross settlement amount assumes 100% opt-in by all potential class members. The minimum
payments under the Settlement Agreement is approximately $3.8&nbsp;million to the plaintiffs&#146; attorneys
and $750,000 for the named plaintiffs who have already joined the lawsuit. While difficult to
estimate, the Company expects actual payments to be less than the gross settlement amount. We
cannot assure you that the Settlement Agreement will be approved by the Court or upheld if
challenged on appeal.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As a result of this Settlement Agreement and the Company&#146;s recently announced change in legal
strategy, the Company expects to book significant additional charges and reserves for the most
recent quarter ended September&nbsp;30, 2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This report contains forward-looking statements within the meaning of the Securities Act of 1933
and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are not historical facts but are the intent, belief, or
current expectations, of our business and industry, and the assumptions upon which these statements
are based. Words such as &#147;anticipates&#148;, &#147;expects&#148;, &#147;intends&#148;, &#147;will&#148;, &#147;could&#148;, &#147;would&#148;, &#147;should&#148;,
&#147;may&#148;, &#147;plans&#148;, &#147;believes&#148;, &#147;seeks&#148;, &#147;estimates&#148; and variations of these words and the negatives
thereof and similar expressions are intended to identify forward-looking statements. These
statements are not guarantees of future performance and are subject to risks, uncertainties, and
other factors, some of which are beyond our control, are difficult to predict, and could cause
actual results to differ materially from those expressed or forecasted in the forward-looking
statements. Readers are cautioned to not place undue reliance on forward-looking
statements, which reflect our management&#146;s view only as of the date of this report. We undertake no
obligation to update or revise forward-looking statements.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 2.02. Results of Operations and Financial Condition.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On October&nbsp;26, 2007, the Company issued a press release announcing the settlement of the litigation
described in Item&nbsp;1.01 above and that as a result of a recently announced change in litigation
strategy it expects to incur significant additional charges and reserves for the most recent
quarter ended September&nbsp;30, 2007. The Company also stated that its previously provided earnings
guidance for fiscal year 2007 excludes the impact of any legacy litigation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A copy of the Company&#146;s press release is furnished as Exhibit&nbsp;99.1 to this report on Form 8-K (the
&#147;Press Release&#148;) and is incorporated in this Item&nbsp;2.02 by reference. The information contained in
this Item&nbsp;2.02, including Exhibit&nbsp;99.1, shall not be deemed &#147;filed&#148; with the Securities and
Exchange Commission nor incorporated by reference in any registration statement filed by the
Company under the Securities Act of 1933, as amended.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 7.01. Regulation&nbsp;FD Disclosure.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A copy of the Press Release is furnished as Exhibit&nbsp;99.1 to this report on Form 8-K and is
incorporated in this Item&nbsp;7.01 by reference. The information contained in this Item&nbsp;7.01,
including Exhibit&nbsp;99.1, shall not be deemed &#147;filed&#148; with the Securities and Exchange Commission nor
incorporated by reference in any registration statement filed by the Company under the Securities
Act of 1933, as amended.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 9.01 Financial Statements and Exhibits</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Exhibits
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1 &#151; Press Release dated October&nbsp;26, 2007.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>MASTEC, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: October 26, 2007&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ C. Robert Campbell
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">C. Robert Campbell&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Executive Vice President and <br>Chief
Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="11%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release dated October&nbsp;26, 2007.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>g10154exv99w1.htm
<DESCRIPTION>EX-99.1 PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-99.1 Press Release</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="RIGHT" style="font-size: 10pt; margin-top: 12pt"><b>Exhibit 99.1</b>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="87%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="CENTER" valign="top" style="border-BOTTOM: 1px solid #000000">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><IMG src="g10154mastec.gif" alt="(MASTEC LOGO)"></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top"><B>Contact</B>: <BR>
J. Marc Lewis, Vice President-Investor Relations <BR>
305-406-1815<BR>
305-406-1886 fax <BR>
marc.lewis@mastec.com
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">800 S. Douglas Road, 12<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor<BR>
Coral Gables, Florida 33134<BR>
Tel: 305-599-1800<BR>
Fax: 305-406-1960<BR>
www.mastec.com</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>For Immediate Release</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>MasTec to Settle Legacy Wage and Hour Lawsuit and<BR>
Accelerate Closure of Legacy Litigation</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Coral Gables, FL </B>(October&nbsp;26, 2007) &#151; MasTec, Inc. (NYSE: MTZ) announced today that it has
reached an agreement to settle its previously disclosed wage and hour lawsuit regarding the
Company&#146;s install to the home employees. The lawsuit involving claims dating back as far as 2001
and covering current and former employees from California, Florida, Georgia, Maryland, New Jersey,
New Mexico, North Carolina, South Carolina, Texas and Virginia, is similar to numerous class action
lawsuits filed against others nationwide.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">While the Company denies the allegations underlying the lawsuit, it has agreed to the
settlement to avoid significant legal fees, the uncertainty of a jury trial, other expenses and
management time that would have to be devoted to protracted litigation. The gross settlement of
$12.6&nbsp;million is subject to court approval and represents the maximum payout, assuming 100% opt-in
by all potential members of the purported class. The minimum payment under the agreement is
approximately $3.8&nbsp;million to the plaintiffs&#146; attorneys and $750 thousand for the named plaintiffs
who have already joined the lawsuit. Future opt-in rates are hard to predict, especially with the
transient nature of this workforce. While difficult to estimate, the Company expects actual
payments to be less than the gross settlement amount, and the appropriate charge for financial
statement purposes is currently being evaluated.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As a result of this litigation, the Company has instituted a number of procedures and safeguards to
avoid being the target of such litigation in the future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For 2006 and 2007, the Company estimates that it will spend over $20&nbsp;million on outside legal fees
and expenses, with the bulk of the expenditures related to old, legacy issues. In many cases, the
Company has made inadequate or unsatisfactory progress. As a result, MasTec&#146;s senior management
recently announced a significant shift in strategy regarding its older legal cases and disputes.
The shift in strategy is to accelerate closure of many of the older legal cases and disputes while
protecting the economic interests of the Company and its shareholders. Most of this legacy
litigation relates to the years 2001 through 2005 and does not involve current customers. As a
part of this change in legal strategy, the Company expects to book significant additional charges
and reserves for the most recent quarter ended September&nbsp;30.
</DIV>


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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="87%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="CENTER" valign="top" style="border-BOTTOM: 1px solid #000000">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><IMG src="g10154mastec.gif" alt="(MASTEC LOGO)"></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">MasTec&#146;s current 2007 earnings guidance, which it announced in the Company&#146;s September&nbsp;5, 2007
press release, specifically excluded the positive or negative impact of any legacy litigation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Jose Mas, MasTec&#146;s President and Chief Executive Officer, noted &#147;We have re-assessed all of our
major legal cases and disputes and decided to accelerate the closure of a number of cases. With
continued high legal costs for litigating these cases and the related drain on management time, we
have concluded that it is in the best interest of the Company to get a number of the older legal
cases and disputes behind us.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Mas continued, &#147;In the last few years, we have significantly strengthened our management team,
improved our portfolio of businesses and customers and improved our financial and operational
controls. As a result, our current business activities have generated dramatically less litigation
than we once had. Therefore, when we get these older legal cases and disputes behind us over the
next few months, we expect to enjoy a much lower level of expense for outside legal fees.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Mas concluded, &#147;We have excellent opportunities with the customers and markets that we
currently serve and intend to get our legacy litigation behind us so that we can focus on executing
and growing our good business opportunities.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">MasTec
&#060;<u>www.mastec.com</u>&#062; is a leading specialty contractor operating throughout North America
across a range of industries. The Company&#146;s core activities are the building, installation,
maintenance and upgrade of communication and utility infrastructure systems.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>This press release contains forward-looking statements within the meaning of the Private
Securities Litigation Reform Act. These statements are based on management&#146;s current expectations
and are subject to a number of risks, uncertainties, and assumptions, including that our revenue
and earnings per share may differ from that projected, that we may be impacted by business and
economic conditions affecting our customers, material changes in estimates for legal costs or case
settlements, adverse determinations on any claim, lawsuit or proceeding, the highly competitive
nature of our industry, dependence on a limited number of customers, the ability of our customers
to terminate or reduce the amount of work, or in some cases prices paid for services under many of
our contracts, the adequacy of our insurance, legal and other reserves and allowances for doubtful
accounts, any exposure related to our recently sold DOT projects and assets, restrictions imposed
by our credit facility and senior notes, the outcome of our plans for future operations, growth,
and services, including backlog and acquisitions, as well as other risks detailed in our filings
with the Securities and Exchange Commission. Actual results may differ significantly from results
expressed or implied in these statements. We do not undertake any obligation to update
forward-looking statements.</I>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">###
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<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
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