1994-06-30, English, Article, Other article edition: Bell Atlantic and Nynex are planning to combine cellular phone business. Cauley, Leslie

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Bookmark: http://trove.nla.gov.au/version/110614926
Physical Description
  • Newspaper article
Published
  • Dow Jones &​ Company, Inc., 1994 June 30
Language
  • English

Edition details

Title
  • Bell Atlantic and Nynex are planning to combine cellular phone business.
Appears In
  • The Wall Street Journal Western Edition, 1994 June 30, pA3(W) pA3(E) (ISSN: 0193-2241)
Author
  • Cauley, Leslie
Published
  • Dow Jones &​ Company, Inc., 1994 June 30
Physical Description
  • Newspaper article
Subjects
Target Audience
  • General
  • Trade
Summary
  • Bell Atlantic and Nynex plan to merge their separate cellular phone service operations into a single entity, thus creating a cellular giant to rival industry leader McCaw Cellular Communications. Officials for the regional Bell operating companies refused to disclose the terms of the deal, but inside sources report that Bell Atlantic is to control 62.35% of the merged company, while Nynex will hold 37.65%. The deal is still subject to review by the Department of Justice, but if it succeeds the merged company would have a subscriber base of approximately 1.8 million and projected revenues of $1.2 billion. The merged company would also become a strong contender in the two Bells Northeast and mid-Atlantic markets, markets that have historically been among the most profitable for cellular carriers in the US. The proposed deal highlights a consolidation trend among local, long-distance and wireless carriers.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 15551647

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State Library of Western Australia. Open to the public .b1153901x; held Periodical; Newspaper English
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State Library Victoria. Open to the public 1035002; July 18 1966-Mar. 7, 2014; held Periodical; Newspaper English
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