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Technology Stocks : Vodafone-Airtouch (NYSE: VOD) -- Ignore unavailable to you. Want to Upgrade?


To: David Wiggins who wrote (2230)12/22/1999 5:41:00 PM
From: MrGreenJeans  Respond to of 3175
 
Bell Atlantic, Vodafone Buy Wireless Licenses for $357 Million

Bell Atlantic, Vodafone Buy Wireless Licenses for $357 Million
New York, Dec. 22 (Bloomberg) -- Bell Atlantic Corp. and
Vodafone AirTouch Plc said they bought the 20 percent of a
partnership that holds wireless telephone licenses in three Texas
markets that they didn't already own for $357 million.

The companies, which are combining their U.S. wireless
assets to gain coast-to-coast coverage, are buying the interest
in PrimeCo Personal Communications LP's Dallas/Fort Worth, San
Antonio and Houston markets from closely held TXU Communications.

The Texas licenses cover an area with about 21 million
people. Bell Atlantic, the No. 2 U.S. local phone company, and
the former AirTouch Communications Inc. formed PrimeCo in 1994 to
connect their networks and offer nationwide service. Having a
national network cuts operating costs by decreasing the number of
calls subscribers place on rival companies' networks.

Bell Atlantic and Vodafone to split up PrimeCo in August,
seven months after Bell Atlantic lost a bidding war for AirTouch
to the U.K.'s Vodafone. A month later, Bell Atlantic and Vodafone
formed the new venture, which will also hold GTE Corp.'s wireless
assets and will be the largest U.S. wireless company, with about
20 million subscribers. Bell Atlantic has agreed to buy Irving,
Texas-based GTE for about $92 billion.

The Texas transaction is expected to close in January.

In New York Stock Exchange trading, New York-based Bell
Atlantic fell 1 5/16 to 64 5/16, while Vodafone AirTouch's
American depositary receipts rose 5/16 to 48 3/16. GTE fell 2 1/2
to 72 1/4.



To: David Wiggins who wrote (2230)12/23/1999 8:00:00 AM
From: MrGreenJeans  Read Replies (1) | Respond to of 3175
 
From the Press Conference

06:31 [VOD] VODAFONE'S GENT: WOULD CONSIDER INCREASING MANNESMANN BID IF RIVAL EMERGED
06:16 [VOD] VODAFONE'S GENT: OPPORTUNITY FOR MANNESMANN'S ESSER TO PARTICIPATE STILL REMAINS OPEN
06:09 [VOD] VODAFONE'S GENT: RECEIVED VERY LITTLE PRESSURE FROM MANNESMANN SHAREHOLDERS TO OFFER CASH
06:07 [VOD] VODAFONE'S GENT: WE'D DEMERGE U.K.'S ORANGE AS FAST AS POSSIBLE
06:05 [VOD] VODAFONE'S GENT: NOT ALL MANNESMANN SENIOR MANAGEMENT WOULD LEAVE IF BID SUCCEEDS
06:01 [VOD] VODAFONE'S GENT SAYS OFFER FULLY VALUES MANNESMANN
05:54 [VOD] VODAFONE'S GENT SAYS MANNESMANN EXAGGERATES THE VALUE OF CONTROL; PARTNERSHIPS KEY
05:52 [VOD] VODAFONE'S GENT WANTS SINGLE GLOBAL MOBILE PLATFORM FOR THE INTERNET
05:47 [VOD] VODAFONE'S GENT WANT'S TO ESTABLISH A GLOBAL BRAND
05:45 [VOD] VODAFONE'S GENT SAYS MANNESMANN ALONE IN FOCUSING SOLELY ON EUROPE
05:44 [VOD] VODAFONE'S GENT SAYS HE'S CONTINUED TO TRY AND ENAGE MANNESMANN BOARD IN TALKS
04:04 [VOD] VODAFONE WANTS TO SHED MANNESMANN BOARDS IF BID SUCCEEDS: HANDELSBLATT