Statement re PrimeCo
VODAFONE AIRTOUCH PLC
3 August 1999
VODAFONE AIRTOUCH AND BELL ATLANTIC ANNOUNCE THE ALLOCATION OF
PRIMECO ASSETS
Vodafone AirTouch Plc (NYSE: VOD) and Bell Atlantic Corporation
(NYSE: BEL) 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
State 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.
Vodafone AirTouch, based in the United Kingdom, is the world's
largest mobile telecommunications company. It has mobile operations
in 23 countries on five continents, with more than 28 million
proportionate customers. Its ventures cover a population of nearly a
billion people. For more information, visit the company's web site
at www.vodafone-airtouch-plc.com. In the United States, AirTouch
serves 9 million proportionate cellular and PCS customers in 25
states and 22 of the top 30 U.S. markets, including Atlanta, Chicago,
Dallas, Detroit, Houston, Los Angeles, Phoenix, San Diego, San
Francisco and Seattle. For more information visit the AirTouch web
site at www.airtouch.com.
Bell Atlantic is at the forefront of the new communications and
information industry. With more than 43 million telephone access
lines and 10 million wireless customers world-wide, Bell Atlantic
companies are premier providers of advanced wireline voice and data
services, market leader in wireless services, and the world's largest
publishers of directory information. Bell Atlantic companies are
also among the world's largest investors in high-growth global
communications markets, with operations and investments in 23
countries.
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media contacts and other useful information are available at Bell
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For further information contact:
Terry Barwick, Director of Corporate Affairs, or
Melissa Stimpson, Senior Investor Relations Manager
at the Vodafone AirTouch Investor Relations Department
Telephone: (01635) 33251
or
Jonathan Marshall, Vodafone AirTouch
Telephone: +1 415 658 2209
or
Jim Gerace, Bell Atlantic
Telephone: +1 908 306 7508