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Article: Wireless deals made. (American Telecasting acquires cable systems) (Brief Article)
- Article from:
- Broadcasting & Cable
- Article date:
- January 17, 1994
- Author:
CopyrightCOPYRIGHT 1994 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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American Telecasting Inc. has entered into binding letters of understanding to buy wireless cable systems and channel rights for $20.75 million in cash and stock.
The Colorado Springs, Colo.-based wireless operator, which recently went public, says the operating systems acquired were in Green Bay, Wis.; Grand Island, Neb.; Fargo, N.D.; and St. James, Minn., and three other nearby markets.
ATEL also acquired "significant wireless cable channel positions" in Sheboygan, Wis., and Sioux Falls, S.D., and added to channel rights the ...