Teletouch Communications Inc. announced it has completed its acquisition of laPAGEco of Baton Rouge, La. laPAGEco is a privately owned paging company that provides services to about 6,700 pagers on 157.74 MHz, Teletouch’s main paging frequency. Teletouch said the acquisition complements its paging operations in New Orleans and its pending acquisition of Warren Communications in Lafayette, La.
Shareholders of SBC Communications Inc. voted in favor of the merger of Pacific Telesis Group into a subsidiary of SBC. The merger had received widespread support, including a positive evaluation from Institutional Shareholder Services, which advises institutional shareholders on issues involving corporate governance and management policy. The companies announced their merger agreement on April 1. Together, they will have more than $21 billion in revenues, serving California and Texas and seven of the 10 largest metropolitan areas.
Sprint Spectrum L.P. will deploy Metapath Corp.’s SecuriNet real-time information collection and distribution system for its nationwide personal communications services network. Sprint Spectrum and Metapath have signed an agreement with a first-year value to Metapath of $19 million. The value of the contract in subsequent years will be determined by the growth of Sprint Spectrum’s customer base and network infrastructure, said the companies. SecuriNet is a UNIX-based, real-time information collection and distribution system that will enable Sprint Spectrum to deliver operational data from a variety of sources to functional groups throughout the company on demand, said the companies.
PCS Development Corp. announced it has signed a marketing agreement with a subsidiary of MobileMedia Corp. The agreement calls for PCSD to be the exclusive provider of personal communications services and voice messaging services for MobileComm for an initial one-year period. PCSD said it plans to provide a portable voice messaging, or wireless “pocket answering machine,” service to business people and consumers on a nationwide basis through its narrowband PCS network.
Arch Communications Group Inc.’s net revenues for the second quarter ended June 30 reached a record level of $72 million, up 182 percent from $25.5 million reported in the same period last year. Net loss for the second quarter was $27.7 million, or $1.35 per share, compared with a net loss of $4.7 million, or 42 cents per share, in the second quarter of 1995. The increase in net loss was largely attributed to the write-off of the purchase price of acquisitions made in the last year, said the company. During the quarter, Arch completed the acquisition of Westlink Holdings Inc. for a cash price of $318 million. Pro forma for the full three-month period, Westlink would have produced net revenues of about $16.7 million, said Arch.
