Omnipoint Corp. said last week it has received proposals from potential strategic equity investors
and will be evaluating them shortly. The company in January began a second round of serious discussions with
potential investors. Discussions have revolved around selling an equity stake of at least 20 percent, although the
financial advisers are considering all options, including the sale of the entire company.
Analysts expect Sprint PCS
to add between 600,000 and 700,000 customers during the first quarter, which ends March 31. John Bensche, wireless
analyst with Lehman Brothers Inc. in New York, said he is looking for net adds of 700,000, up from his previous
625,000 estimate. “Sprint’s strong distribution and pricing plans are hitting a home run in the market, and
subscriber adds look to be even more robust than previously forecast,” he said. Sprint PCS added 836,000
subscribers in the fourth quarter 1998.
AT&T Corp., New York, plans to go to market this week with a bond issue
that could top WorldCom Communications Inc.’s record-breaking $6.1 billion issue, sold last August. AT&T registered
with the Securities and Exchange Commission in January to sell up to $10 billion in debt. Daniel Somers, chief
financial officer of AT&T, said March 17 the company would tap the bond markets later this year if its March sale is
not significantly larger than the $5 billion to $6 billion officially marketed during the pre-sale road show.
Bell
Atlantic Mobile said it is offering unlimited, flat-rate Internet and e-mail service for $40 per month for laptop, handheld
computer and personal data assistant users traveling within its AirBridge data footprint, which spans from Boston to
Fredericksburg, Va., and into the Carolinas. Customers traveling outside this area can use the service at 8 cents per
kilobyte.
