Business Week: Bell Atlantic Weighing Wireless IPO.Business Editors New York--(BUSINESS WIRE)--March 30, 2000 According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. sources close to the company, Bell Atlantic is seriously considering an initial public offering of its wireless business once it is combined with the domestic operations of Vodafone Vodafone Group Plc is a mobile network operator headquartered in Newbury, Berkshire, England, UK. It is the largest mobile telecommunications network company in the world by turnover and has a market value of about £84.7 billion (July 2007). AirTouch. The combined cellular operation, as yet unnamed, will compete against AT&T and Sprint, which are offering flat rates for calls made anywhere in the country. Dennis Strigl Dennis F. Strigl is the President and Vice-Chairman of Verizon Communications, responsible for operations at Verizon Telecom, Verizon Wireless and Verizon Business. He assumed this position from January 2007. Previously he was the president and CEO of Verizon Wireless. , Bell Atlantic's wireless chief, will lead the Bell Atlantic-Vodafone venture. An IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. could prove to be very lucrative. AT&T plans to raise as much as $13 billion by selling up to 17.5% of its wireless business. But Bell Atlantic-Vodafone will have 18 million wireless customers, compared with AT&T's 10 million. |
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