CENTURY SIGNS DEFINITIVE AGREEMENT TO ACQUIRE ADDITIONAL OWNERSHIP INTEREST IN WISCONSIN RURAL SERVICE AREA (RSA) CELLULAR SYSTEM.MONROE, LA--(BUSINESS WIRE)--Sept. 30, 1997--Century Telephone Enterprises Inc. (NYSE NYSE See: New York Stock Exchange Symbol: CTL See control key. 1. CTL - Checkout Test language. 2. CTL - Compiler Target Language. 3. CTL - Computational Tree Logic ) has signed a definitive agreement with 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. Cellular Corporation (USCC USCC United States Catholic Conference (now United States Conference of Catholic Bishops) USCC United States Composting Council USCC United States Chamber of Commerce USCC Union of Spiritual Communities of Christ USCC United States Cellular Corp. ) to acquire additional ownership interests in a limited partnership that operates Wisconsin RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. 8. Century will gain approximately 177,000 pops (the portion of the population of the service area based on ownership interest), bringing its total pops to nearly 8.3 million. As a result of the transaction, Century will be named the operator of the RSA and will gain an additional 76 percent interest in the Wisconsin RSA 8 L.P., bringing its total ownership interest to 80 percent. This acquisition, combined with Century's pending acquisition of Pacific Telecom, Inc. (PTI PTI - Portable Tool Interface ), will bring Century's total cellular pops to more than 10 million. Located in the southwestern corner of the state, the RSA is contiguous to Century's La Crosse La Crosse (lə krôs), city (1990 pop. 51,003), seat of La Crosse co., W Wis., at the foot of high bluffs on the Mississippi, where the La Crosse and Black rivers meet; inc. 1856. , Wis., cellular operations and to PTI's operated Wisconsin RSAs 6 and 7. Wisconsin RSA 8 serves a population of approximately 235,000 and comprises eight counties. Wisconsin RSA 8 is the third most populated of the 10 Wisconsin RSAs. There are 26 Metropolitan Statistical Areas (MSAs) and 22 RSAs within a 200-mile radius of Wisconsin RSA 8, which also ranks second among all Wisconsin RSAs in projected retail sales growth for 1994 through 1999. There are 144 manufacturers located in the RSA, as well as major agricultural operations and tourist destinations. The market ranks second among the Wisconsin RSAs in commuter travel time, which should provide good roaming revenue opportunities. Consummation of the transaction is subject to regulatory approvals and other customary closing conditions. Century Telephone Enterprises Inc. provides a range of communications services including local exchange, wireless, long distance and Internet access to more than one million customers in 14 states. The company, headquartered in Monroe, La., is publicly traded 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. under the symbol CTL. Century is the 14th largest local exchange telephone company, based on access lines, and the 12th largest cellular company, based on population equivalents owned, in the United States. Visit Century's corporate website at www.centurytel.com . CONTACT: Century Telephone Enterprises, Monroe Patricia Cameron (Media), 318/388-9674 pcameron@iamerica.net Jeffrey S. Glover (Investors), 318/388-9648 jglover@iamerica.net |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion