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Article: AMERICAN TELECASTING ANNOUNCES THREE WIRELESS CABLE SYSTEM TRANSACTIONS

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PR Newswire
Article date:
July 18, 1996
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COLORADO SPRINGS, Colo., July 18 /PRNewswire/ -- American Telecasting (Nasdaq: ATEL) announced three wireless cable system transactions -- including one sale, one purchase, and one swap -- designed to enhance the Company's competitive position in selected markets and generate economies of scale through the clustering of geographically proximate systems. These transactions involve a swap with Heartland Wireless Communications, Inc. (Nasdaq: HART); the sale of American Telecasting's rights to operate UHF channels in St. James, Minnesota; and the purchase of additional channel rights in Mankato, Minnesota.

Heartland Swap

The Company has reached an agreement for ...

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