December 16, 1996
After months of delays and scaled-back plans, the Sprint PCS wireless telephone network will launch today. San Diego and Fresno are expected to be among the first handful of cities to receive the all-digital networks, which will compete with existing cellular systems. When fully developed, Sprint PCS will encompass 65 cities in the U.S., including 35 of the 50 biggest cities.
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 9, 1997 |
When Viacom Inc. said earlier this year that it wanted to issue a new stock tied to the performance of its Blockbuster Entertainment unit, the reaction from Wall Street was swift and to the point. Investors hated the idea. The opposition was so loud, in fact, that Viacom, after initially trying to defend its plan, decided to shelve it. "The market in general does not like tracking stocks and has never liked tracking stocks," one stock analyst said at the time.