AirTouch Acquires Message Center Beepers Paging Assets; Company Expands into Northeast to Build Nationwide Presence.SAN FRANCISCO--(BUSINESS WIRE)--Dec. 19, 1995--Establishing a strong foothold in the northeast, AirTouch Communications (NYSE NYSE See: New York Stock Exchange :ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. ) has acquired the assets of Message Center Beepers, a privately-held paging company with over 345,000 customers primarily in Connecticut, Massachusetts, New Jersey, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Pennsylvania. This is AirTouch Paging's first major acquisition. Financial terms were not disclosed. AirTouch is one of the nation's largest paging companies, with over 2.2 million units in service in the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and 26 states after the acquisition. AirTouch announced its plan to acquire the Message Center assets in August, subject to regulatory approvals. "Through this acquisition, we've added over 345,000 customers in a strategically important part of the country," said Charlie Jackson, president and chief executive officer of AirTouch Paging. "By acquiring the Message Center properties, we can serve our national customers better, while achieving the scale and scope we need to succeed in this fast-growing industry." "Expanding our national footprint through this acquisition will allow us to cover more retail store fronts on the east coast, a key element of our distribution strategy," said Todd Parker, AirTouch Paging vice president of marketing and business development. "We're confident that the Message Center team will help us continue providing superior service and building our customer base in the retail channels." Last year AirTouch Paging successfully bid for nationwide and regional narrowband 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. licenses that will enable it to provide enhanced two-way paging services in the northeast. Through this acquisition, AirTouch gains a foothold in the region more rapidly to begin establishing its presence before it starts offering two-way services. "After 35 years in business, Message Center Beepers has become one of the largest privately-held paging carriers in the country, growing more than 60 percent in 1995 alone," explained Eric Zachs, the company's former president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "We know our customers will be very pleased with the quality and range of innovative services offered by AirTouch Paging." Over the years, AirTouch Paging has successfully expanded into new markets, increasing its customer base while maintaining its profitability. In 1995, the company has started operations in Chicago, Cincinnati, Cleveland, Columbus, Denver, El Paso El Paso (ĕl pă`sō), city (1990 pop. 515,342), seat of El Paso co., extreme W Tex., on the Rio Grande opposite Juárez, Mex.; inc. 1873. , Indianapolis, and the Washington D.C/Baltimore area. For the first nine months of 1995, AirTouch Paging's operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. was $23 million, and the company added 350,000 units in service. AirTouch Paging, based in Dallas, Texas, is a subsidiary of AirTouch Communications. AirTouch Communications is a global wireless communications company, with interests in cellular, paging, personal communications services See PCS. , the Globalstar satellite system, and other operations in the United States and 12 other nations: Belgium, Canada, France, Germany, India, Italy, Japan, Portugal, South Korea, Spain, Sweden and Thailand. The company, based in San Francisco, serves over 4.5 million customers worldwide. -0- Note to Editors: For a fax copy of this or other recent AirTouch press releases, please call 1-800-344-7531. CONTACT: AirTouch Communications Susan Rosenberg, 510/210-3910 |
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