Article: AirTouch and U S WEST Media Group Announce New $5.7 Billion Plan to Merge U.S. Wireless Interests.

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 ...

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