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RECENT NEWS FLASH 2000-12 (APRIL 2000)
(Updated on April 11, 2000)

MERGERS, AGREEMENTS AND INVESTMENTS

Bell South and SBC Merge to Form Second Largest Wireless Carrier in U.S.

We are seeing an industry wide consolidation of wireless carriers, with the recent merger of Bell Atlantic and VodafoneAirTouch and now Bell South and SBC Communications.   If the FCC approves the venture, the new company, not yet named, will cover 70 percent of the United States geographically.  The TDMA standard network will offer business customers, services such as:

  • Wireless Internet access
  • Two-paging
  • Digital subscriber line service
  • Standard wireless phone service

It has been decided that the new company will be managed independently of parents with a 50-50 management team.  Equity is split with SBC holding 60 percent and Bell South 40 percent. The increase footprints will allow the two companies to standardize networks and technologies so customers can receive the same voice and data experience regardless of what city they are in.

For more information, go to http://www.informationweek.com/story/IWK20000405S0005 http://www.planetit.com/techcenters/docs/mobile_computing/news/PIT20000406S0014

Mobile Advisory and Comments: National coverage networks are happening - good news for Fortune 500 companies that need coverage throughout the continental coverage. Agreements with Canadian carriers are next in line, we think.

Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.

All trademarks used in this summary are the property of their respective owners.


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