AT&T Wireless sees growth lag as focus shifts

Article Abstract:

AT&T Wireless Services is projecting a short-term downturn while shifting its emphasis to the more lucrative business cellular-phone subscriber market. The largest US wireless phone operator will record more than $4 billion in 1997 revenue, according to CEO Daniel R. Hesse. By comparison, the AT&T subsidiary boosted revenue by 19% to $3.48 billion in 1996. Hesse attributes some of the expected dropoff to customer screening. AT&T, which is emphasizing its 'wireless office' product for corporate campuses, intends to raise wireless sales to businesses by transferring 20% of its employees into its business-services division. Analysts believe AT&T's size, marketing power and ability to combine cellular services with long-distance and other services will help it maintain wireless dominance. AT&T will offer high-frequency digital service at the 1,900 MHz frequency in 10 markets by the end of 1997.

Mobile Radio Services, Finance, Wireless communications services, Company sales/revenue, Company sales and earnings, AT&T Wireless Services Inc.

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Bell Atlantic is in talks to buy AirTouch; deal valued at $45 billion would create a colossus in the wireless sector

Article Abstract:

Both Bell Atlantic and AirTouch Communications Inc. confirmed that they are negotiating a deal worth possibly as much as $45 billion. AirTouch is based in San Francisco and had wireless revenues of $5.11 billion through 9/30/98. The acquisition talks come while Bell Atlantic is awaiting approval for its merger with GTE Corp. of Irving, Texas. In combination the three could easily rival AT&T and Sprint.

Comment:

Co. in talks to join with Bell Atlantic Corp. in $45 billion stock deal

United States, Asset sales & divestitures, Acquisitions & mergers, Cellular Mobile Radio Services, Mergers, acquisitions and divestments, Cellular telephone services, Wireless communications, Abstract, Bell Atlantic Corp., BEL, Wireless communication systems, AirTouch Communications Inc., ATI

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