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AIRTOUCH UPS STAKE IN AIRTEL OF SPAIN

SAN FRANCISCO-AirTouch Communications Inc. announced it has increased its ownership stake in Spanish cellular company Airtel to 21.7 percent, a 5-percent increase.

AirTouch, the largest shareholder in the company, acquired its additional interest from Banco Santander. Financial terms were not disclosed.

“By increasing our holdings in our existing operations on favorable terms, we expect to maintain our excellent track record for international growth,” said Lou Golm, president of AirTouch International. He noted that AirTouch has acquired additional interests in Germany, Italy and Portugal in previous transactions.

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