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AMERICAN TELECASTING ANNOUNCES INITIAL PUBLIC OFFERING AND SIGNIFICANT ACQUISITION

 COLORADO SPRINGS, Colo., Dec. 13 /PRNewswire/ -- American Telecasting Inc. (NASDAQ: ATEL) today announced the completion of its initial public offering and the closing of a significant acquisition in the wireless cable television industry on Dec. 10, 1993.
 The offering consisted of 3,000,000 shares of common stock sold at $18 per share and was managed by Alex, Brown & Sons Inc., Bear, Stearns & Co. Inc. and Montgomery Securities.
 Also, American Telecasting acquired wireless cable systems and frequency rights in 11 different markets today when it closed mergers and asset purchases with 12 separate affiliated entities comprising the Choice TV Group.
 American Telecasting is an operator of wireless cable television system which currently provides pay television service to over 26,000 subscribers in Colorado Springs, Toledo, Ohio, Orlando and Ft. Myers, Fla., Billings, Mont., Daytona Beach, Fla., South Bend, Ind., Little Rock, Ark. and Louisville, Ky.
 -0- 12/13/93
 /CONTACT: Chris Clark of American Telecasting, 719-632-5544/
 (ATEL)


CO: American Telecasting Inc. ST: Colorado IN: TLS SU: OFR

BB -- DV006 -- 3196 12/13/93 13:24 EST
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Publication:PR Newswire
Date:Dec 13, 1993
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