BELLSOUTH-SOUTH.Atlanta-based telecommunications company See telecom company. BellSouth is still aggressively moving south to capture an increasing share of the booming cellular market. In Colombia, the company purchased 33.8% of cellular phone company Celumovil for US$295 million. In Brazil, it paid $229 million for a 16.5% stake in Brasilia-based cellular phone operator Tele Centro Oeste Celular. To support the expansion, BellSouth will list its Latin American operations on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. in an initial public offering expected to raise about $1 billion. The spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. , call it "BellSouth-South" for now, will trade under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors BLSL. |
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