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December 6, 1993

MOBILEMEDIA AQUIRES METROMEDIA PAGING SERVICES

By CBR Staff Writer

Ridgefield Park, New Jersey-based MobileMedia Corp has acquired Metromedia Paging Services Inc from Southwestern Bell Corp and has changed its name to MobileMedia Communications Inc; no terms given but various limited partnerships managed by Hellman & Friedman, a San Francisco-based investment firm, made an aggregate $150m equity investment in MobileMediato provide the equity financing.

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