ATLANTA-BellSouth Corp. has agreed to acquire the remaining 44.2 percent in BellSouth Carolina PCS it does not already own, including the 20-percent equity interest held by DukeNet Communications and the 10 percent equity interest held by Caronet Inc.
BellSouth said the purchase price will total approximately $885 million.
“This accomplishes our goal of expanding our wireless base and ownership,” said Mark Feidler, chief operating officer of the BellSouth SBC joint venture. “Our partners wanted liquidity and we wanted to continue to expand on the nationwide wireless joint venture of BellSouth and SBC. This is a win for everyone.”
