AirTouch Announces Plans to Acquire Message Center Beepers Paging Assets; Company Expands into Northeast to Build Nationwide Presence.SAN FRANCISCO--(BUSINESS WIRE)--Aug. 17, 1995--Continuing its nationwide paging expansion, 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. ) today announced that it has agreed to acquire the assets of Message Center Beepers, a privately-held paging company with over 280,000 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. Financial terms were not disclosed. When the acquisition is complete, AirTouch Paging will have over two million units in service in 25 states. "This acquisition is an excellent fit for us," said Charlie Jackson, president and chief executive officer of AirTouch Paging. "Message Center's strong presence in the northeastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. will help us fill out our national footprint and continue expanding our customer base. This move will allow us to achieve the scale and national scope we need to maintain our leadership position in this fast-growing industry." Eric Zachs, 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. , Message Center Beepers, commented, "This is a logical acquisition for AirTouch. Message Center Beepers currently has over 700 transmitters in service nationwide, and we've more than doubled our customer base over the past two years. In the past year alone, we've added 100,000 paging units." The acquisition marks the culmination of 35 years of industry growth for Message Center Beepers. "We are very pleased that such a highly regarded and growth-oriented company will be continuing in our place and bringing our customers the latest wireless services into the next century," added Zachs. 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. By acquiring Message Center Beepers, AirTouch can gain a foothold in the region more rapidly and begin establishing its presence before it starts offering two-way services. "Through this acquisition, we can enter a strategically important part of the country quickly and cost-effectively, allowing us to serve our national customers better," added Todd Parker, vice president of marketing for AirTouch Paging. Message Center Beepers is AirTouch's first major paging acquisition. In the past, AirTouch has enjoyed high levels of growth by aggressively expanding its existing paging operations and starting up new markets. In July, the company announced start-up operations in Baltimore/Washington, D.C. and several other mid-Atlantic cities, and in January AirTouch began service in Denver, Chicago, Cincinnati, Cleveland, and Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. . In the second quarter of 1995, AirTouch Paging experienced its best quarterly growth ever, adding 128,000 units in service. During 1994, the company added 358,000 units -- a 31 percent increase over the prior year. The acquisition, which is subject to regulatory approvals, is expected to close by the end of the first quarter of 1996. AirTouch Paging, based in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , is a subsidiary of AirTouch Communications. AirTouch Communications is a global wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. company, with interests in cellular, paging, personal communications services See PCS. , the Globalstar satellite system, and other operations in the United States and 11 other nations: Belgium, Canada, France, Germany, Italy, Japan, Portugal, South Korea, Spain, Sweden, and Thailand. The company, which is based in San Francisco, serves over 4.2 million customers worldwide. CONTACT: AirTouch Communications Susan Rosenberg, 510/210-3910 or O'Neal & Prelle Carolyn Waesche, 203/527-3233 |
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