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To: voop who wrote (28101)	4/22/1999 2:25:00 PM
From: Ruffian	Respond to of 152472

Air Touch Adds A Million> April 22, 1999 AirTouch adds 1M subs during quarter SAN FRANCISCO—AirTouch Communications Inc. said its earnings during the first quarter increased 68 percent to $257 million, or 43 cents per share, compared with net income of $153 million, or 30 cents per share, during the same quarter last year. Revenues totaled $2.1 billion, up 27 percent from revenues of $1.7 billion during last year's first quarter. AirTouch said its strong results were driven by its international operations, which had 84 percent subscriber growth, 55 percent higher revenues and 55 percent greater operating cash flow. The company said this quarter is its third-best ever for international subscriber additions, despite a history of seasonal declines during the first quarter. The company said it added nearly 1.1 million proportionate subscribers, including 719,000 outside the United States. AirTouch's subscriber base totals more than 18.8 million proportionate subscribers. In the United States, AirTouch said digital cellular subscribers accounted for 57 percent of first-quarter net additions and represent 17 percent of its cellular subscriber base. Besides its merger agreement with U.K.-based Vodafone Group plc, AirTouch also announced during the quarter it increased its ownership stakes in Omnitel Pronto Italia to 17.8 percent and in South Korea's Shinsegi Telecomm Inc. to 11.4 percent. RCR NEWS