BELLEVUE, Wash.-Western Wireless Corp. announced it has spun off its 80.1-percent ownership in personal communications services division VoiceStream Wireless Corp.
Western distributed to each of its shareholders one share of VoiceStream stock for each share of Western Wireless common stock. Western Wireless said it anticipates the trading price of Western Wireless common stock to decrease by an amount roughly equivalent to the trading price of VoiceStream Wireless common stock.
VoiceStream Wireless will trade on Nasdaq using the symbol VSTR.
