PCS PrimeCo wins big at auction in 11 cities.
"These 11 cities and the surrounding areas fill in key pieces in our national footprint. With our collective cellular properties and PCS winnings, we plan to offer unparalleled wireless service and set the pace for the competitive wireless industry. With our partners, we expect to cover the country by the end of the other auction rounds.
We bid with discipline and succeeded in buying the airwaves at a price that will allow us to offer affordable service and create value for shareholders. We paid an average of under $20 per person to win licenses that cover more than 57 million people in some of the nation's premier markets." -0-
LICENSES WON A/B PRICE ($M) Per/POP Price ($)
Chicago B $ 385.1 $ 31.90 Dallas A $ 87.5 $ 9.03 Tampa B $ 99.3 $ 18.33 Houston B $ 82.7 $ 15.93 Miami B $ 126.0 $ 24.53 New Orleans B $ 89.5 $ 18.17 Milwaukee B $ 86.0 $ 18.94 Richmond B $ 33.0 $ 8.59 San Antonio B $ 52.0 $ 17.39 Jacksonville B $ 44.5 $ 19.56 Honolulu B $ 21.7 $ 19.56
TOTAL: $ 1107.2 $ 19.36
Amy Damianakes, 510/210-3645
Susan Rosenberg, 510/210-3910
Nancy Stark, 215/963-6777
Maureen Flanagan, 212/395-3519
Jim Gerace, 914/365-7712
Lois Leach, 303/793-6355
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|Date:||Mar 13, 1995|
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