TECHNOLOGY & TELECOMMUNICATIONS
From Times Staff and Wire Reports
PacTel Announces Name Change: PacTel Corp., the soon-to-be independent cellular subsidiary of Pacific Telesis Group, said it will call itself AirTouch Communications once the spinoff is complete. Trading in PacTel stock began in December, raising $1.38 billion in one of the largest initial public offerings ever. The spinoff will free the wireless communications business from regulatory constraints it faced as part of a regional Bell operating company.
