Firm plans end to challenge of PCS auction
Article Abstract:
Telephone Electronics Corp (TEC) is planning to drop its lawsuit against the FCC that challenged that agency's set-aside of wireless frequencies for women and minorities in the auctioning of licenses for new PCS services. TEC will instead form an alliance with three of the Baby Bell regional operating companies and AirTouch Communications to develop new wireless services. The company's lawsuit demanded that TEC be allowed to participate in a round of bidding that is intended especially for women, minorities and small businesses. TEC was not allowed to participate because it has over $200 million in revenue. The lawsuit caused a court to issue an injunction on the set-aside auction because the preference system could be determined to be unconstitutional.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1995
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Europe's wireless war heats up, propelled by cell-phone pioneer
Article Abstract:
Britain's Vodafone AirTouch PLC is considering a hostile takeover of Germany's Mannesmann AG, a pipe-maker that is also Germany's biggest mobile-phone services provider. Led by Chief Executive Chris Gent, a pioneer in the development of the mobile phone as a mass-market consumer product, Vodafone must decide whether to press ahead with its hostile bid or try to induce Mannesmann to accept a sweetened bid. Mannesmann just turned down an $107 billion all-stock offer from Vodafone. Mannesmann also just announced plans to merge with Vodafone's archrival Orange PLC. Should Vodafone acquire Mannesmann, the deal would create the world's largest telecommunications company in terms of stock-market value.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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