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Technology Stocks : Aerial Communications AERL

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To: Barbara Hospel who wrote (64)	6/3/1998 9:58:00 AM
From: Barbara Hospel	Read Replies (2) of 68

Been wondering why the stock has been moving up. Wonder how long this will last. * AERIAL COMMUNICATIONS said that it has reached the 200,000 customer mark in its first full year of operation, joining a handful of Personal Communications Services companies that have reached such a milestone so quickly. "Such rapid growth is among the fastest the wireless industry has ever seen," Don Warkentin, Aerial's President and Chief Executive Officer, said. "Our performance to date has outstripped our projections and ranks Aerial among the industry leaders in the number of customers added during such a brief period of time." (Reuters 07:38 AM ET 06/02/98) * Finnish state telecom group Sonera said it would pay $200 million for a minority stake in U.S. mobile phone operator AERIAL COMMUNICATIONS. Sonera said it would buy 15% to 19.4% of Aerial, the price and final stake depending on the performance of Aerial's stock over the next three years. "The deal will make Sonera Aerial's second biggest independent shareholder," Sonera said. A Sonera spokesman said the company would buy its stake from Aerial's parent company, TELEPHONE AND DATA SYSTEMS INC, which now owns 83% of Aerial. (Reuters 09:36 AM ET 06/02/98) For the second part of the story, see infobeat.com

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