Bell Atlantic Corp - Stmnt re FCC Approval
03 Abril 2000 - 4:45AM
UK Regulatory
RNS Number:3161I
Bell Atlantic Corp
31 March 2000
FCC APPROVES BELL ATLANTIC/VODAFONE AIRTOUCH WIRELESS JOINT VENTURE
NEW YORK, NY, AND LONDON - The Federal Communications Commission has granted
approval to Bell Atlantic Corp. (NYSE:BEL) and Vodafone AirTouch Plc (NYSE and
LSE: VOD) to combine their U.S. cellular, paging and PCS businesses, forming a
new nationwide wireless company which will significantly increase competition in
the wireless industry.
"We greatly appreciate the prompt review and approval of our new business by the
expert staff at the FCC," said Denny Strigl, president and CEO of the joint
venture.
END
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