August 27, 1999 |
Vodafone AirTouch, the world's largest wireless company, is in talks to form a joint venture with Bell Atlantic Corp., the No. 1 U.S. local phone company, three weeks after the companies agreed to split their existing wireless venture, the Times of London said, citing sources close to Vodafone. Analysts said the agreement could involve a merger of Vodafone's operations in the Western U.S. and Bell Atlantic's cellular unit, the paper said. Both companies declined to comment.
January 17, 1999 |
AirTouch Communications and new merger partner Vodafone Group will immediately pursue a wireless phone partnership with losing bidder Bell Atlantic, a move that would help the companies expand their U.S. reach, AirTouch Chief Executive Sam Ginn said Saturday. Such an arrangement would solve a critical problem for AirTouch--the need to provide nationwide service to mobile customers.
January 16, 1999 |
Bell Atlantic Corp. called off talks to acquire AirTouch Communications Inc., clearing the way for British rival Vodafone Group to buy the nation's second-largest independent cellular phone company and enter the U.S. market. The terse, surprise announcement, which came late Friday, ends two weeks of speculation about Bell Atlantic's plans to become the world's largest cellular company by connecting its East Coast network with AirTouch's West Coast network.
January 14, 1999 |
High-speed Internet access got a major boost Wednesday when America Online announced it would begin offering a broadband service to its customers on the East Coast this year. AOL, by far the nation's largest Internet access provider, said it would offer digital subscriber line technology for about $40 a month in partnership with New York phone giant Bell Atlantic.
January 8, 1999 |
The complex merger talks that continue to swirl around AirTouch Communications Inc. will produce just the first of many deals destined to dramatically reshape the U.S. wireless communications business, analysts say. A flurry of deals in 1999--starting with the near-certain sale of San Francisco-based AirTouch--will ultimately leave the wireless market dominated by four to six national carriers, industry experts predict.
January 6, 1999 |
A bidding war has broken out for AirTouch Communications, which is weighing dueling offers reportedly in the $45-billion range from both Bell Atlantic Corp. and Europe's Vodafone Group. The San Francisco-based wireless company that was spun off from Pacific Telesis in 1994 has quietly become the world's largest wireless services provider, with holdings in 13 countries.
December 8, 1998 |
Consumers would get more choices for high-speed Internet access if local phone companies were freed from federal regulations, a new alliance of large telephone and computer companies said Monday. BellSouth Corp., Bell Atlantic Corp., SBC Communications Corp., US West Inc. and GTE Corp.
October 14, 1998 |
Bell Atlantic Corp. said it expects to take a third-quarter charge of $1.1 billion, or 70 cents a share, for an early-retirement plan and to write down the value of some investments. The New York-based Baby Bell said 5,200, or 38%, of 13,800 eligible unionized workers accepted the retirement offer it made in September and will leave over the next 14 months. Fewer than half of the workers will be replaced. The charge is expected to result in a loss for the quarter.