Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?

To: Bernard Levy who wrote (5315)	2/10/1999 8:40:00 AM
From: jopawa	Read Replies (1) \| Respond to of 10852

Tuesday February 9, 11:46 am Eastern Time AirTouch, CellStar complete pact NEW ORLEANS, Feb 9 (Reuters) - Wireless phone giant AirTouch Communications Inc. (NYSE:ATI - news) said Tuesday it completed an agreement for CellStar Corp (Nasdaq:CLST - news) to distribute wireless handsets, fixed terminals, and other equipment. Terms of the deal were not disclosed in the companies' statement. The pact, between Airtouch unit AirTouch Satellite Services Inc. and Cellstar, a wireless distributor, will bring AirTouch customers wireless service over Globalstar satellites. Under the deal, CellStar will also provide AirTouch with services, including procurement, fulfillment, and packaging. The Globalstar system will provide voice, fax, and data service via a small hand-held phone. The phones will operate in traditional cellular modes, or satellite mode when beyond cellular coverage. Globalstar is scheduled to launch commercial service in late 1999. Globalstar, led by Loral Space & Communications (NYSE:LOR - news), is a partnership of the world's leading telecommunications service providers and equipment manufacturers, including Qualcomm Inc. (Nasdaq:QCOM - news), and French communications company Alcatel , among others.