Bell Atlantic Terminates Discussions in Mexico
NEW YORK, Nov. 19 /PRNewswire/ -- Bell Atlantic today
announced that discussions regarding a potential combination
of its Nuevo Grupo Iusacell, S.A. de C.V. (NYSE: CEL;
BMV:IUSACELL) wireless properties in Mexico and cellular
properties in the four northern regions of the country have
been terminated.
"We will continue to explore options to create a nationwide
footprint in Mexico through current licenses, acquisitions,
joint ventures, or even commercial resale agreements," said
Bell Atlantic International Wireless President and CEO
Thomas A. Bartlett. "We remain committed to the Mexican
market and to Iusacell's ability to sustain industry-leading
growth and profitability levels in one of Latin America's
most valuable markets."
The Bell Atlantic Global Wireless Group, a subsidiary of Bell
Atlantic Corporation (NYSE: BEL), is one of the world's
largest wireless communications companies, with US wireless
operations in 24 states and international investments in
Latin America, Europe and the Pacific Rim. Worldwide wireless
holdings total 187-million proportionate POPs (people in
markets served), with more than half in high-growth
international markets like Italy, Mexico, and Greece. The
worldwide proportionate wireless customer base totaled more
than 10 million as of September 1999. International
proportionate subscribers comprise nearly 25% of Bell
Atlantic's global wireless customer base.
SOURCE: Bell Atlantic Corporation
CONTACT: Steve Fleischer of Bell Atlantic, 215-963-6822,
steve.fleischer@bellatlantic.com |
