British carrier seems to win AirTouch race; Bell Atlantic loses out to a $60 billion offer

Article Abstract:

Vodafone Group P.L.C. has agreed to purchase AirTouch Communications Inc. for about $60 million in cash and securities. The two companies plan to merge as equals, with each having an equal number of seats on the board of directors. Sam Ginn, chairman of AirTouch Communications will be named nonexecutive chairman and Chris Gent, current CEO of Vodafone will be named chief executive officer of the new entity. This merger will create an international telecommunications powerhouse, with Vodafone having established bases in England and Europe and AirTouch having bases in the United States as well as Southern Europe. Specific terms were not disclosed.

United States, Bell Atlantic Corp., BEL, Vodafone Group PLC, AirTouch Communications Inc., ATI

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Irate at Mannesmann deal, Vodafone weighs response

Article Abstract:

In response to Mannesmann's $33 bid billion for Orange PLC, Vodafone Airtouch, who had also been eyeing Orange, is putting a nonchalent public face on what seems to be a tumultuous plan to fight for a place in the European telecommunications market. Mannesmann threw itself into Vodafone's home British territory even though the two companies are partners in Europe. Vodafone could be reviewing a hostile bid for its partner-turned-rival, which would be under a microscope by English antitrust people and the European Union. The drama to come is a frantic scramble for a European mobile phone market that is predicted to double by 2002.

United Kingdom, Europe, Germany, Radiotelephone communications, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Mobile Radio Services, Management, Cellular telephone services industry, Cellular telephone services, Telecommunications equipment industry, Wireless communications services, Mannesmann AG, Vodafone AirTouch PLC, Orange PLC, Gent, Christopher

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