View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 31, 1988


By CBR Staff Writer

Centel Corp, Chicago, has agreement to pay $775m for United Telecommunications Inc’s United Telespectrum cellular telephone operations, which controls operations in 21 cities, has minority stakes in another 17, and also has paging systems in 29 markets but the purchase may be opposed by Centel’s biggest shareholder, the group led by corporate raider Asher Edelman, which controls 5.5% of the shares: Edelman sees the purchase, at a price of $85 per head of population in the regions served, as well over the going rate for cellular operations, and describes the proposed purchase as a scorched earth policy to thwart his investment group.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.