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Article: AirTouch and U S WEST Media Group Announce New $5.7 Billion Plan to Merge U.S. Wireless Interests.
- Article from:
- Business Wire
- Article date:
- January 29, 1998
CopyrightCOPYRIGHT 1998 Business Wire. 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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SAN FRANCISCO--(BUSINESS WIRE)--Jan. 29, 1998--
AirTouch Expands Wireless Footprint and Increases U.S. Cellular Customer Base 50 Percent; U S WEST Media Group to Focus Resources on Core
Broadband Strategy While Reducing Debt by About $1.4 Billion
AirTouch Communications Inc. (NYSE:ATI) and U S WEST Media Group (NYSE:UMG) today announced a new definitive agreement to merge the U.S. cellular and PCS interests of U S WEST Media Group into AirTouch. U S WEST Media Group's international wireless interests are not included in this transaction.
With this acquisition, AirTouch will rank as the second largest wireless provider in the ...