Stories about: AirTouch Communications

AT&T Corp. today announced that Mohan Gyani is the new president and chief executive officer of the Wireless Services unit.

Wireless giant Vodafone AirTouch PLC has agreed to acquire CommNet Cellular Inc. of the U.S. for US$764 million in cash, extending its cellular coverage to new areas of the Western United States, the companies said this week. Terms of the acquisition, to be made through Vodafone's AirTouch Cellular subsidiary, also require it to assume about $600 million of CommNet debts. CommNet shareholders will receive $31 per share in cash. The transaction is expected to close in four to five months, the firms said.

Vodafone launched its Globalstar global mobile network last week that will provide coverage of the entire continent through low-orbiting satellites.

Nippon Telegraph & Telephone (NTT) has offered to buy a stake in International Digital Communications, a move that could launch a bidding war between NTT and Cable & Wireless PLC (C&W) over the Japanese international carrier.

The pending Vodafone Group and AirTouch Communications merger is being viewed by analysts and investors as excellent news for consumers, the two carriers and the companies' shareholders.

Vodafone Group and Airtouch Communications announced late Friday that they have reached an agreement to merge and form the world's largest wireless telecommunications company with a combined market capitalisation of about $US110 billion.

Following confirmation Sunday that Bell Atlantic is in talks to acquire AirTouch Communications, the UK's Vodafone Group may now be stepping up to make a counteroffer for the US cellular phone company.

Bell Atlantic is in talks to acquire AirTouch Communications, AirTouch confirmed on Sunday via a press statement.