CS Wireless Systems And American Telecasting To Exchange Certain Wireless Cable Properties.DALLAS--(BUSINESS WIRE)--July 29, 1996--CS Wireless Systems, Inc. and American Telecasting, Inc, (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ATEL) today announced the execution of a letter of intent to exchange certain wireless cable assets. American Telecasting will exchange all of its wireless cable assets in Louisville, Kentucky; Little Rock, Arkansas Little Rock, Arkansas required military intervention to desegregate schools (1957–1958). [Am. Hist.: Van Doren, 556–557] See : Bigotry ; Oklahoma City, Oklahoma “OKC” redirects here. For the airport, see Will Rogers World Airport. Oklahoma City is the capital of the U.S. state of Oklahoma. The county seat of Oklahoma County, the city is the 30th largest city in the U.S. ; and Wichita, Kansas to CS Wireless for is wireless cable assets in Minneapolis, Minnesota and Stockton, Modesto and Bakersfield, California plus approximately $5.5 million in cash. The markets to be received by CS Wireless represent approximately 28,000 subscribers and 1.3 million households. The markets to be received by American Telecasting represent approximately 13,500 subscribers and 1.5 million households. In addition, American Telecasting will transfer the Wichita BTA (Business Technology Association, Kansas City, MO, www.bta.org). A membership association of manufacturers, dealers, distributors and service companies in the business equipment and systems industries, founded in 1994. (Basic Trading Area In the US, a Basic Trading Area is a geographic region defined by the FCC where a Personal Communications Service can operate.[1] It consists of the counties surrounding a city designated as the basic trading center. ) to CS Wireless, and CS Wireless will transfer to American Telecasting the Minneapolis, Stockton, Modesto and Bakersfield BTAs. Jared E. Abbruzzese, Chairman of CS Wireless, stated, "This transaction coupled with the transactions announced last week related to the market consolidation in Kansas City are important strategic steps in our plan to rationalize our geographic concentration. CS Wireless and American Telecasting will both realize improved strategic efficiencies and market alignment as a result of the transaction." CS Wireless is one of the largest wireless cable television companies in the United States. The Company's 12 markets encompass approximately 7 million television households. CS Wireless was formed in the first quarter of 1996 by CAI (1) (Computer-Assisted Instruction) Same as CBT. (2) See CA. CAI - Computer-Aided Instruction Wireless Systems, Inc. (NASDAQ NM: CAWS) and Heartland Wireless Communications, Inc. (NASDAQ NM: HART). CONTACT: Alan Sonnenberg CS Wireless Systems, Inc. Vice Chairman (215) 956-1690 |
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