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Article: AT&T buying Honolulu Cellular
- Article from:
- Honolulu Star - Bulletin
- Article date:
- April 9, 1999
- Author:
CopyrightCopyright Honolulu Star - Bulletin Apr 09, 1999. Provided by ProQuest LLC. (Hide copyright information)
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Hawaii's oldest wireless telephone business, Honolulu Cellular Telephone Co., is being sold to telecommunications giantface=+Bold; AT&T Corp.face=-Bold;
The 290 employees of the company were told this morning that owner face=+Bold; BellSouth Corp.face=-Bold; has agreed to sell the business, a BellSouth official said.
AT&T will offer them all positions and there should be no changes locally, said Gil Mendelson, Honolulu Cellular general manager. "They will become AT&T employees" and AT&T has no plans to move any operations out of Hawaii, he said.
The price was not disclosed. One source close to the deal told Bloomberg News that it will be about $160 million but Jeff ...