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Technology Stocks : AWE - ATT Wireless -- Ignore unavailable to you. Want to Upgrade?

To: engineer who wrote (242)	2/9/2001 5:40:38 PM
From: Cooters	Read Replies (1) \| Respond to of 329

Eng, Meanwhile, how about an extra 6 bill to keep this comedy routine on stage. LOL! Cooters ______ AT&T Wireless to raise more than $6 billion NEW YORK, Feb 9 (Reuters) - AT&T Wireless Group <AWE.N>, the mobile-telephone unit of AT&T Corp., chose J.P. Morgan Chase & Co. <JPM.N> and Bank of America <BAC.N> to arrange $4.0 billion in credit lines, bank sources said. The lines are comprised of a $2.0 billion 364-day facility and a $2.0 billion five-year facility, bank sources said. J.P. Morgan Chase & Co. and Bank of America have each committed $400 million to the deal, they said. AT&T, the biggest U.S. long-distance company, said last month it plans to spin off its wireless unit in mid-year as part of a plan announced in October to split the company into four separate businesses. AT&T Wireless spokesman David Caouette declined to comment on the financing. The new credit lines are a traditional commercial paper backstop facility, bank sources said. At a meeting hosted by J.P. Morgan and Bank of America <BAC.N> in New York on Friday, the lead bankers announced that Bank of Tokyo-Mitsubishi Ltd. had already committed $250 million towards the financing. 17:01 02-09-01