Comcast to acquire nearly 10% stake in Fleet Call Inc

Article Abstract:

Comcast Corp will buy about 10 percent of Fleet Call Inc for up to $100 million, with an option to acquire up to 20 percent more or 25 million shares of the company at $16 per share. Fleet Call is attempting to become a major player in nation-wide cellular networks using an alternate transmission technology and frequency in direct competition with established services. The company is best known for its specialized mobile radio (SMR) services used by taxi fleets, contractors and other businesses. It went public in Jan 1992 at $15 per share, after a failed attempt in Dec 1991 to go public at $18 to $20. Shares rose $1.75 on the news of the sales to close at $11.375, even though the company has several obstacles to overcome before it will make a profit on the new service. Industry analysts say the wireless network may never be very successful because other networks are already well established.

Miscellaneous retail stores, not elsewhere classified, Telecommunications services industry, Nextel Communications Inc., Financial Report

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Sprint talks with cable-TV concerns in push to expand new wireless venture

Article Abstract:

Sprint Corp is negotiating with cable-TV and minority-owned telecommunications companies about affiliating with Sprint's cable-TV venture, which plans to offer local- and wireless-phone service. Comcast Corp, Cox Enterprises Inc and Tele-Communications Inc are already members of the multibillion-dollar Sprint venture, which aims to provide consumers and businesses with one-stop shopping for wireless communications. Subject to regulatory approval, the venture plans to offer other communications services, including phone and data transmission and cable TV. The minority-owned businesses, which are seeking licenses for personal-communications services, would hitch their planned networks into Sprint. The cable-TV operators with whom Sprint is talking have about 30 million customers, compared to about 18 million customers for Comcast, Cox and TCI. Sprint also has aggressive plans for Europe.

Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Cable Television Systems, Cable Networks, Cellular telephone services, Internet services, Wireless network, Wireless LANs, Joint ventures, Cable television broadcasting industry, Cable television, Communications industry, Sprint Corp., Cable television/data services, Personal communications services

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Comcast agrees to buy Metromedia's cellular operations in $1.1 billion deal

Article Abstract:

Comcast Corp is buying Metromedia Co's cellular radio franchises in Philadelphia for $1.1 billion, or $193 per potential customer. This price indicates a drop in market value for in the cellular radio industry. Metromedia is accepting considerably less than the $313 per customer valuation, made in 1990. The sale must be approved by federal regulatory agencies and could lead to Comcast owning all of Metromedia's cellular operations, through a new company that is being set up and presently being called a joint venture. Comcast is paying for the cellular radio operations with a combination of Class A common stock, preferred stock and cash. Details of the purchase include a five-year plan for Comcast to buy out all of Metromedia's interest in the new company, which will be run as a subsidiary of Comcast.

Mergers, acquisitions and divestments, Cellular telephones, Wireless telephones, Divestiture, Divestment, Cellular Radio, Acquisition, Franchise, Market Value, Metromedia Co.

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