AirGate PCS, Inc., Added to Russell 2000.Business Editors/Technology Writers ATLANTA--(BUSINESS WIRE)--July 11, 2000 AirGate PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , Inc., (Nasdaq/NM: PCSA PCSA Primary Care Service Area PCSA Personal Computing Systems Architecture PCSA Power Crane and Shovel Association PCSA Peel Committee on Sexual Assault (Canada) PCSA Presbyterian Church of Southern Africa ), a Sprint PCS (NYSE NYSE See: New York Stock Exchange : PCS) Network Partner, today announced that it has been added to the Russell 2000, the benchmark small stock index compiled and published by Frank Russell Company. Frank Russell Company annually ranks by market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. the 3,000 largest U.S. public companies in the Russell 3000 index The Russell 3000 Index is a stock market index of US stocks. The ticker is "RUA" or similar. See Russell Indexes page for main discussion. See also the iShares Russell 3000. . The largest third becomes the Russell 1000 Index The Russell 1000 Index is a stock market index of US stocks. The ticker is "RUI" or similar. See Russell Indexes page for main discussion. See also the iShares Russell 1000. External links
AirGate PCS completed its initial public offering on September 28, 1999, at $17.00 per share. At a closing stock price on July 10, 2000 of $65.44 per share, with a total of 12.4 million common shares outstanding, the Company has a market capitalization of over $800 million. AirGate PCS, Inc. is the exclusive manager and operator of Sprint PCS Products and Services throughout most of the state of South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , including Charleston, Columbia and Greenville-Spartanburg, parts of North Carolina, including Asheville, Wilmington and Hickory, and the eastern Georgia cities of Augusta and Savannah Savannah, city, United States Savannah, city (1990 pop. 137,560), seat of Chatham co., SE Ga., a port of entry on the Savannah River near its mouth; inc. 1789. . With a territory that includes more than 7.1 million licensed POPs covering 62,000 contiguous square miles, AirGate PCS is one of the largest Sprint PCS Network Partners based on the size of the population in its territory. As a Sprint PCS Network Partner, AirGate PCS is building its own PCS network to exclusively provide 100 percent digital, 100 percent PCS products and services under the Sprint PCS brand names in its territory. Sprint PCS operates the largest 100 percent digital, 100 percent PCS nationwide wireless network in the United States, already serving the majority of the nation's metropolitan areas including more than 4,000 cities and communities across the country. Sprint PCS has licensed PCS coverage of nearly 270 million people in all 50 states, Puerto Rico and the U.S. Virgin Islands. For more information, visit the Sprint PCS web site at http://www.sprintpcs.com. Sprint PCS is a wholly-owned tracking group of Sprint Corporation trading on the NYSE under the symbol "PCS." Sprint is a global communications company at the forefront of integrating long-distance, local and wireless communications services, and a large carrier of Internet traffic. Sprint built and operates the United States' first nationwide all-digital, fiber-optic network and is a leader in advanced data communications services. Sprint has $20 billion in annual revenues and serves more than 20 million business and residential customers. |
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