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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: LindyBill who wrote (26567)6/20/2000 3:14:00 PM
From: tbancroft  Read Replies (2) of 54805
 
It seems as though the article says that the systems that AT&T is buying represent 'overlapping holdings' of the three sellers, who should therefore, as Verizon Wireless, have the ability to continue to offer service in the areas. Am I reading this wrong?

Under the three purchase deals, AT&T will buy the systems from Vodafone AirTouch, GTE Corp. and PrimeCo PCS, a Bell Atlantic Corp. venture. Those companies--all AT&T rivals--have merged their mobile phone businesses under the name Verizon Wireless, and were required by regulators to shed overlapping holdings in several markets.

Tim
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