AirTouch Confirms Discussions.SAN FRANCISCO--(BUSINESS WIRE)--Jan. 3, 1999--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 confirmed that discussions are taking place with Bell Atlantic (NYSE:BEL Bel (bāl, bĕl), deity of the Middle Eastern religions. The name is a cognate of that of Baal. For Bel in the Bible, see Bel and the Dragon. ) that could lead to a possible combination between the two companies. The AirTouch Board of Directors has not approved a transaction and significant issues still remain unresolved. AirTouch said that there can be no assurance that any transaction will result from these discussions. No further comment will be made until both parties have reached a definitive agreement or until discussions have been terminated. AirTouch Communications is the largest wireless company in the world based on the total number of customers served by its ventures. AirTouch owns interests in cellular, paging, and personal communications services See PCS. in the 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. , Belgium, Egypt, Germany, India, Italy, Japan, Poland, Portugal, Romania, South Korea, Spain, and Sweden, as well as an interest in the Globalstar satellite system. AirTouch ventures serve over 35 million total customers worldwide (over 16 million based on its ownership share of its global ventures). For a fax copy of this or other AirTouch press releases, please call 1-800-344-7531 or visit the AirTouch web site at www.airtouch.com. |
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