Bell Atlantic Corp - Statement re PrimeCo, etc
August 04 1999 - 5:11AM
UK Regulatory
RNS No 4888w
BELL ATLANTIC CORPORATION
3 August 1999
Contact: John Killian 212-395-1152
Dominic Di Bucci 212-395-1924
BELL ATLANTIC AND VODAFONE AIRTOUCH ANNOUNCE THE ALLOCATION OF PRIMECO ASSETS
Vodafone AirTouch Plc and Bell Atlantic Corporation 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.
END
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