Printer Friendly
The Free Library
19,585,946 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

AirTouch Communications Offers $650 Million of Notes.


SAN FRANCISCO--(BUSINESS WIRE)--July 11, 1996--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 a public offering of $250 million of 7.125% notes due July 15, 2001 and $400 million of 7.5% notes due July 15, 2006. The 2001 notes were priced at 99.851 percent to yield 7.161 percent, and the 2006 notes were priced at 99.425 percent to yield 7.583 percent. The notes are being offered through Lehman Brothers, Merrill Lynch & Co., J.P. Morgan & Co., and Salomon Brothers Inc.

The company plans to apply the proceeds from the sale of the notes to satisfy the cash component of its acquisition of Cellular Communications Inc. (CCI CCI Chambre de Commerce et d'Industrie (France)
CCI CAM (Complementary and Alternative Medicine) Citation Index
CCI Chamber of Commerce and Industry (Western Australia) 
) and for general corporate purposes. Pending such uses, the net proceeds Net Proceeds

The amount received after all costs are deducted from the sale of a piece of property or security.

Notes:
In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions).
 will be applied to retire commercial paper.

The notes are offered for sale only through a prospectus, a copy of which may be obtained from AirTouch Communications, Investor Relations Investor relations

The process by which the corporation communicates with its investors.
, One California Street, San Francisco, CA 94111 or from the underwriters.

AirTouch Communications is a global wireless communications company, with interests in cellular, paging, personal communications services See PCS. , and the Globalstar satellite system in the United States and 10 other nations: Belgium, Germany, India, Italy, Japan, Poland, Portugal, South Korea, Spain, and Sweden. The company, based in San Francisco, serves nearly 6 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
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 11, 1996
Words:241
Previous Article:Unwired Planet Brings the Web to Cellular Telephones and Pagers; Company's open UP.Link platform brings Web, intranet access to pocket-size cellular...
Next Article:CORDEX Petroleums Inc. Announces Helicon-I.
Topics:



Related Articles
AirTouch Communications names new chief financial officer.
AirTouch Chairman Sam Ginn Highlights Company's 1996 Strategy; Expects Strong Growth to Continue.
AirTouch Announces Record Date for Third Quarter Dividends on Convertible Preferred Stock.
AirTouch Paging Begins Service in New York City; Company Operates in 43 of the 50 Largest U.S. Markets.
AirTouch Announces Record Date for Fourth Quarter Dividends on Convertible Preferred Stock.
AirTouch to acquire stake in German wireline telecommunications venture; Transaction is AirTouch's first investment in a European wireline company.
AirTouch announces record date for second quarter dividends on Convertible Preferred Stock.
AirTouch Communications Offers $500 Million of Notes.
CELLULAR PHONES MAY MISS BLOCK-OUT : STATE TO START CALLER ID PLAN.
AIRTOUCH CARVES PLACE IN GLOBAL CELLULAR MARKET.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles