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Home > Company Index > Telecommunications > Wireless Communications Services > Price Communications Corporation

Price Communications Corporation
NYSE: PR
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 NEWS FROM THE WIRES
Verizon Wireless may alter structure of Price deal
Jul 31 2001 06:37 AM PDT

More WIRE STORIES about this company

 NEWS FROM THE STANDARD
The Wild Frontier of Wireless
Dec 11 2000 12:00 AM PST

 PROFILE
Price Communications has a mobile phone business in the southeastern US that it had been planning to sell when the price was right, and the company has found a potential buyer in Verizon Wireless. (Postponement of Verizon Wireless' planned IPO, however, has caused the parties to abandon their original agreement and begin new negotiations.) Price's strategy has been to buy media and communications operations and to sell them later. Its Price Communications Wireless unit has more than 525,000 subscribers, mostly in small cities and rural areas, in Alabama, Florida, Georgia, and South Carolina. It markets its service under the Cellular One brand. Price has upgraded its network to provide digital service.

 COMPETITION
ALLTEL Corporation (AT)
BellSouth Corporation (BLS)

 STOCK ANALYSIS
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FURTHER ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 270.50
1-Yr. Sales Growth: 7.2%
Employees: 741
Revenue per employee: $365,047.23

 KEY PEOPLE
• Robert Price
    CEO
• Kim I. Pressman
    CFO

 CONTACT INFO
45 Rockefeller Plaza
New York, NY 10020
US
Phone: 212-757-5600
Fax: 212-397-3755

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