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To: Rocket Scientist who wrote (7472)	9/21/1999 12:57:00 AM
From: djane	Respond to of 29987

NYTimes. Bell Atlantic and Vodaphone Deal Seen September 21, 1999 By LAURA M. HOLSON he Bell Atlantic Corp., the nation's largest local phone company, and the international wireless giant Vodafone Airtouch PLC could announce as early as Tuesday a joint venture to combine the two companies' U.S. cellular telephone operations, valued between $70 billion and $80 billion, people close to the companies said While negotiations could break down at any point, one person said that the discussions were proceeding well and, at least as of early Monday evening, both companies were committed to getting the deal done. Executives and advisers from Vodafone and Bell Atlantic spent much of last weekend in New York hammering out the details of a coast-to-coast combination that would rival the national wireless networks of the AT&T Corp. and the Sprint Corp., and comprise more than 23.5 million subscribers. Vodafone merged with Airtouch Communications, the largest United States cellular company, this summer after snaring the company away from Bell Atlantic. Executives from Vodafone and Bell Atlantic have been discussing the joint venture since July. Copyright 1999 The New York Times Company

To: Rocket Scientist who wrote (7472)	9/21/1999 1:27:00 AM
From: Rocket Scientist	Read Replies (2) \| Respond to of 29987

I am really steamed about this alleged statement by Stephenson: "2.8M subs by year end 2004, no change from previous plans." I'd like to see G* PR/IR show some signs of life here. Anyone with 30 spare seconds can go to this page on Loral's home web site: loral.com and find that by 4Q2000 the sub forecast is 1M, or "29% of 2002 Business Plan." Ergo, the 2002 forecast must be north of 3Msubs. How could that be consistent with 2.8M by end of 2004??? Either Stephenson screwed up big time or the reporter did, either way, I'd like to see G* put out a clarification ASAP.