SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: Ruffian who wrote (21017)1/8/1999 9:02:00 PM
From: Asterisk  Respond to of 152472
 
Hot off the presses of Wired News:

MCI Won't Make Bid on AirTouch
by Joanna Glasner

5:20 p.m. 8.Jan.99.PST
MCI WorldCom said on Friday it won't make a
bid for AirTouch Communications, the San
Francisco wireless telephone company that's
being sought after by Bell Atlantic and
Vodafone.

Talk of an MCI (WCOM) bid began circulating in
the wake of a Thursday article in USA Today
that said the Jackson, Mississippi, telecom was
mulling an AirTouch acquisition.

In a two-sentence statement, MCI said it
reviewed the possibility of buying AirTouch, but
decided against it. The company didn't give a
reason for the decision.

Bell Atlantic (BEL), the largest telecom in the
eastern United States, made a US$45 billion
offer for AirTouch (ATI) last week. Vodafone, the
United Kingdom's largest cellular phone
company, countered with a $55 billion bid this
week.

Both bidders see AirTouch's broad US and
international assets as key to expanding the
reach of their wireless networks.

AirTouch offers service in 13 countries,including
the United States, Germany, Japan, and India. It
counts 16 million customers worldwide and 35
million with its joint ventures with other
companies.