Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: TUESDAY, May 23, 1995 TAG: 9505240014 SECTION: BUSINESS PAGE: B-7 EDITION: METRO SOURCE: Associated Press DATELINE: WASHINGTON LENGTH: Short
MCI plans to buy Nationwide Cellular Service Inc., the nation's largest reseller of cellular service, for $190 million in cash, or $18.50 a share.
Nationwide Cellular Service, based in Hempstead, N.Y., reported revenues of $213 million in 1994 and has 275,000 customers.
Rival long-distance companies AT&T and Sprint already provide cellular service.
MCI plans to package the cellular service with long-distance and eventually local phone service, said spokesman Kevin Inda. Unlike its rivals, MCI has chosen not to build its own transmissions facilities or acquire licenses to provide wireless services.
by CNB