AOL aims to revive Compuserve with introduction of upgrade

Article Abstract:

America Online Inc. is expected to unveil an upgrade for its recently acquired CompuServe unit. The service has been reinvented to be different enough that it would not steal users from its parent company. CompuServe hopes the service will appeal to more serious users who aren't interested in AOL's chat rooms and celebrity forums."There's a big opportunity for something that's a little more adult" than AOL, said Audrey Weil, CompuServe's chief operating officer, adding that it "isn't a leisure product."

Comment:

AOL introduces upgrade to CompuServe

Specialized Telecom Services, Product introduction, New Electronic Marketing, Internet services, CompuServe Corp.

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Centennial Cellular to sell 93% stake to Welsh Carson firm for $1.31 billion

Article Abstract:

Centennial Cellular Corp. has reached an agreement to sell a 93% share to Welsh, Carson, Anderson & Stowe for cash and stock worth $1.31 billion. Welsh Carson will also assume $515 million in debt as part of the agreement. Centennial is the most recent small wireless-telephone operator to be acquired by a financial party. Welsh Carson is a company that specializes in buyouts. Welsh Carson and its investment partners will own 93% of Centennial according to the deal.

Comment:

Centennial Cellular Corp. agrees to sell a 93% share to Welsh, Carson, Anderson & Stowe for $1.31 billion

Asset sales & divestitures, Acquisitions & mergers, Telephone Communications, Venture Capital Companies, Miscellaneous Intermediation, Telephone services, Welsh, Carson, Anderson and Stowe, Centennial Cellular Corp.

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