P.M. BRIEFING : National Paging Service Planned
<i> From Times Wire Services </i>
ATLANTA —
BellSouth Enterprises and CellTelco Nationwide Paging Partnership announced plans today to launch a joint nationwide paging service.
The agreement between MobileComm, a BellSouth subsidiary, and CellTelCo is subject to regulatory approval. The operation would be managed by a committee including representatives of the two companies and would be marketed by MobileComm.
The deal calls for CellTelCo to contribute its license for a nationwide paging system in return for 50% of the partnership. MobileComm would provide network facilities and capital in exchange for the remaining 50%.
MobileComm said it also would offer to buy an equity interest in CellTelCo when the deal is finalized. The amount of that purchase was not disclosed.
