Topics Mobile Tech News Monday, April 22


Contact us

Site search:
complete archives list

Site Sponsors:

Don't forget AT&T and Verizon promo codes at to save money.

AT&T Sets Wireless IPO Terms, Sees $10 Billion Net
Posted: 29-Mar-2000 [Source: Reuters]

[AT&T's Wireless IPO is expected to be the largest in US history. SEC filings were made public on Tuesday.]

Washington -- "AT&T Corp. (T.N), the No. 1 U.S. long-distance telephone company, said on Tuesday it planned to sell 360 million shares of a tracking stock to represent its wireless voice and data operations, setting an estimated price range of $26-$32 a share for the IPO.

"The issue would represent the largest initial public stock offering, or IPO, in U.S. history. It would net AT&T $10.13 billion based on the terms detailed in an amended prospectus filed with the Securities and Exchange Commission. The terms of the deal, which AT&T first announced in December, were revealed in the SEC filing on Tuesday.

"The company will allocate the first $7 billion in proceeds to the wireless operation, using the funds for expanding its network, pursuing acquisitions as they arise, capital spending and general corporate purposes, the filing said. The remaining proceeds will go toward general corporate purposes at the AT&T common stock group.

"With about 12.2 million customers at the end of last year, AT&T Wireless generated about $7.6 billion in revenue in 1999, the prospectus said. By the end of this year, AT&T Wireless is expected to have a network that will cover more than 70 percent of the U.S. population, including partnership and affiliate markets.


Back to Headlines...

Apple Watch Apple Watch

iPhone 6 and iPhone 6 Plus iPhone 6 and iPhone 6 Plus

Amazon Fire Amazon Fire

Samsung Z - Tizen Samsung Z - Tizen


HTC One mini 2 HTC One mini 2

OnePlus One OnePlus One

HTC One (M8) HTC One (M8)

Samsung Gear 2 Tizen Watch Samsung Gear 2 Tizen Watch

HP VoiceTab HP VoiceTab

T200 octa-core T200 octa-core

Nokia 2520 Tablet Nokia 2520 Tablet

Samsung Galaxy Round Samsung Galaxy Round

BlackBerry Z30 BlackBerry Z30

iPhone 5S and iPhone 5C iPhone 5S and iPhone 5C

Samsung Galaxy Mega Samsung Galaxy Mega

Sony SmartWatch 2 Sony SmartWatch 2

iOS 7 iOS 7

Jolla Jolla

BlackBerry Z10 BlackBerry Z10

Galaxy S 4 Galaxy S 4

Galaxy Note 8.0 Galaxy Note 8.0

Ubuntu on Tablets Ubuntu on Tablets

LG Optimus G Pro L-04E LG Optimus G Pro L-04E

Firefox OS Firefox OS

Sony Zperia Z Sony Zperia Z


Valid HTML 4.1!

RSS © 1999-2019 Traques LLC
All times recorded in UTC