Bell Atlantic and Vodafone AirTouch Announce the
4.08.1999, 07:04
Allocation of PrimeCo Assets
New York and San Francisco, A (PROTEXT) - Vodafone AirTouch
Plc (NYSE: VOD) and Bell Atlantic Corporation (NYSE: BEL) today
announced that they have entered into an agreement to restructure
their ownership interests in PrimeCo Personal Communications,
based in Westlake, TX, a partnership that was formed by the two
companies in 1994.
Under terms of this agreement Bell Atlantic will assume
ownership of PrimeCo operations in five MTAs - Richmond, VA, New
Orleans, LA, and the Florida markets of Jacksonville, Tampa and
Miami. Vodafone AirTouch will take over operations in five MTAs -
- Chicago, IL, Milwaukee, WI, and the Texas markets of Dallas,
San Antonio and Houston. Other terms of the agreement were not
disclosed.
Separately, the companies said that they have reached an out-
of-court settlement of all litigation currently pending before
the United States District Court for the Northern District of
California, relating to their TomCom limited partnership. Terms
of the settlement were not disclosed.
The two companies expressed appreciation to the PrimeCo
management team for building one of the most successful
businesses in the wireless industry.
Bell Atlantic is at the forefront of the new communications
and information industry. With more than 43 million telephone
access lines and 10 million wireless customers worldwide, Bell
Atlantic companies are premier providers of advanced wireline
voice and data services, market leaders in wireless services, and
the world's largest publishers of directory information. Bell
Atlantic companies are also among the world's largest investors
in high-growth global communications markets, with operations and
investments in 23 countries.
INTERNET USERS: Bell Atlantic news releases, executive
speeches, news media contacts and other useful information are
available at Bell Atlantic's News Center on the World Wide Web
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of Bell Atlantic news releases.
Vodafone AirTouch, based in the United Kingdom, is the world's
largest mobile telecommunications company. It has mobile
operations in 23 countries on five continents, with more than 28
million proportionate customers. Its ventures cover a population
of nearly a billion people. For more information, visit the
company's web site at http://www.vodafone-airtouch-plc.com.
In the United States, AirTouch serves 9 million proportionate
cellular and PCS customers in 25 states and 22 of the top 30 U.S.
markets, including Atlanta, Chicago, Dallas, Detroit, Houston,
Los Angeles, Phoenix, San Diego, San Francisco and Seattle. For
more information, visit the AirTouch web site at
http://www.airtouch.com. ots Original Text Service: Bell
Atlantic Corporation; Vodafone AirTouch plc Internet:
http://www.newsaktuell.de Contact: Jim Gerace, of Bell
Atlantic, (USA) 908-306-7508; or Terry Barwick or Melissa
Stimpson, (USA) 011-44-1635-33251, or Jonathan Marshall, (USA)
415-658-2209 all of Vodafone AirTouch Web site:
http://www.airtouch.com Web site: http://www.ba.com Web site:
http://www.vodafone-airtouch-plc.com
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