Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Bell And Nynex Combine Cells


In Business This Week

BELL AND NYNEX COMBINE CELLS

Meet the new cellular behemoth. Bell Atlantic and NYNEX were scheduled to announce on June 30 that they will combine their cellular-phone businesses to form an 18-state giant that will rank second in potential customers only to a merged AT&T-McCaw Cellular. The as-yet-unnamed outfit will cover a territory with 55 million potential customers stretching from Maine to South Carolina, plus two western states. Together, the operations top $1.2 billion in annual revenues. Although it will be wholly owned in a 62%-38% arrangement dominated by the bigger Bell Atlantic, going public is an eventual option, says Bell Atlantic Chief Operating Officer Lawrence Babbio Jr. So is entering the market for personal communi- cations services, or PCS.EDITED BY KEITH H. HAMMONDS


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus