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To: Renby Cage who wrote (12859)	7/23/1998 11:09:00 AM
From: bananawind	Respond to of 152472

All... Some excerpts from Bell Atlantic's press release dealing with wireless results... Domestic highlights: * BAM subscribers grew more than 17 percent over second quarter 1997. With 224,000 net customer additions, BAM ended the quarter with 5.7 million customers. Revenues increased nearly $100 million, or 13 percent, to $869.4 million. * BAM's DigitalChoice(SM) price plans, introduced in March, drove up the number of digital subscribers to nearly 400,000 at the end of the quarter. Twenty percent of new customers are taking a DigitalChoice plan, and digital subscribers now generate nearly 25 percent of BAM's busy-hour traffic on its high-efficiency CDMA network. * BAM reduced acquisition costs per subscriber 17.1 percent, to $194 compared to $234 in the prior-year period, through control of commission expenses, lower handset costs, and by selling through direct distribution channels. BAM also reduced cash expense per subscriber by $4 to a record low of $24. * BAM operating cash flow improved to its highest level ever at $348 million, and operating cash flow margins expanded to 46 percent, five percentage points higher than second quarter 1997. Operating income grew 21.7 percent to nearly $220 million. * PrimeCo Personal Communications ended the quarter with 90,000 net subscriber additions. PrimeCo's total customer base at the end of the quarter was 598,000, triple the number in second quarter 1997. * Total PrimeCo revenues for the quarter grew to $120 million, nearly two and one-half times the level in second quarter 1997, with average monthly revenue per subscriber of nearly $61. Bell Atlantic owns 47.6 percent of PrimeCo. The International Wireless portfolio contributed 220,000 proportionate net additions in the quarter, 91.3 percent higher than in the prior-year period and nearly half of the Global Wireless total. The international proportionate customer base now exceeds 1.3 million, and Bell Atlantic's wireless ventures outside the U.S. serve more than eight million subscribers. International proportionate revenues totaled $186.8 million, up 73.1 percent over second quarter 1997. Operating income climbed eightfold and operating cash flow increased three and one-half times over second quarter 1997. International highlights: * Grupo Iusacell in Mexico closed the first half of the year with more than 550,000 customers, double the number in the same period last year. Iusacell's net customer additions in the second quarter were the highest in its history. * During the second quarter Grupo Iusacell won two new PCS licenses for the fast-growing industrial regions on the Mexico-U.S. border. Iusacell now will become a nationwide provider, increasing its coverage from 70 percent to more than 80 percent of Mexico's 94 million people. * Omnitel Pronto Italia ended the quarter with almost four million customers, as the company increased its share of the Italian wireless market to 25 percent. During the second quarter, the company took first place in the Grand Prix of Customer Service conducted by Teleperformance.