Bell Atlantic and Vodafone plan IPO of their Verizon Wireless joint venture

Article Abstract:

US-based Bell Atlantic Corp. and British-based Vodafone AirTouch PLC plan one of the largest initial public offerings (IPOs) in US history for joint venture company Verizon Wireless. Verizon is a combination of the companies' US paging and cellular businesses. Verizon is the largest US wireless provider and its forecasted value from the IPO is between $60-$70 billion.

Organizational history, Paging Services, Paging, Planning, Broadcasting industry, Verizon Wireless Inc., Going public (Securities), Initial public offerings, Company public offering

---

AirTouch to buy U S West Media wireless assets

Article Abstract:

AirTouch acquired U S West Media Group's domestic wireless operations for stock valued at $4.3 billion, as well as the assumption of $1.4 billion of debt. The deal will boost AirTouch to second place among domestic wireless provider, trailing only AT&T in size. Financial terms call for AirTouch to pay about $1.6 billion in newly issued dividend-bearing preferred stock and about $2.7 billion in AirTouch common shares. An Apr 1997 pact between the companies collapsed in Aug 1997 because of the closure of a federal tax loophole. The new deal, expected to close by mid-1998, will require AirTouch to pay more for the U S West operations but issue fewer shares. AirTouch, which currently serves about 3.9 million customers, seeks to strengthen its position as a dominant wireless player in the western US. U S Media Group, the cable-TV subsidiary of U S West, awaits a spinoff from the parent company.

Telecommunications services industry, Telecommunications industry, Company acquisition/merger, MediaOne Group Inc., Smart phone, Smart phones, AirTouch Communications Inc., ATI

---

Liberty to buy Associated for $2.8 billion; stock deal gives firm 41% of Teligent and entree to fixed-wireless area

Article Abstract:

Liberty Media Group is acquiring Associated Group Inc., the majority owner of Teligent Inc. The deal, worth close to $2.8 billion in stock, gives Liberty a 41% interest in Teligent Inc., a provider of fixed-wireless, high-capacity telephone and Internet services. Liberty Media, a cable television broadcaster owned by AT&T Corp., is believed by industry analysts to be positioning itself as a major provider of two-way, broadband telecommunications services. Wall Street reacted by sending Liberty's shares down by 18.75 cents while Teligent's stock rose by $5.4375.

Cable Television Systems, Cable Networks, Cable and other pay TV services, Cellular technology, Internet services, Cable television broadcasting industry, Cable television, Teligent Inc., TGNT, Cable television/data services, Liberty Media Corp., Associated Group Inc. (Pittsburgh, Pennsylvania)

Similar abstracts:

• Abstracts: Computer Associates in $3.91 billion deal; in industry's biggest pact, Sterling Software to add to mainframe business
• Abstracts: Cisco to acquire networking firm Cerent; deal for $6.9 billion in stock reflects power of Web over firms' valuations
• Abstracts: Cures for PC boredom: a truly global phone and a better Palm Pilot. A better, cheaper way to bring your TV set into the digital age
• Abstracts: Y&R's new chief brings wealth of experience, but not in ads. Dooner to take reins at Interpublic Group
• Abstracts: Compaq says sales of new Prosignia PC have climbed to over $1 million a day. Gateway to sell training gear for PC music, finance and photos

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.