Vodafone AirTouch PLC
14 March 2000
VODAFONE AIRTOUCH RECEIVES EXEMPTIVE ORDER FROM SEC
Vodafone AirTouch Plc ('Vodafone AirTouch') announces that its
majority owned subsidiary AirTouch Communications, Inc. has
received an exemptive order from the Securities and Exchange
Commission. The order pertains to the 1940 Investment Company Act
in relation to Vodafone AirTouch's proposed U.S. joint venture
with Bell Atlantic announced on 21 September 1999.
The companies continue to seek the necessary regulatory approvals
in connection with the joint venture. The transaction is expected
to close in spring 2000.
The joint venture combines the U.S. assets from Bell Atlantic
Mobile, AirTouch Cellular, Primeco Personal Communications and
AirTouch Paging. It is anticipated that it will be further
strengthened by the addition of the cellular and PCS assets of GTE
Corporation.
For further information:
Vodafone AirTouch Plc
Terry Barwick, Corporate Affairs Director
Tim Brown, Investor Relations Director
Melissa Stimpson, Senior Investor Relations Manager
Tel: + 44 (0) 1635 33 251
Lulu Bridges
Tavistock Communications
Tel: +44 (0) 207 600 2288
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