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Arch, the nation's largest paging company, has been hurt by pager customers swapping their units for cell phones.
Beijing granted Unicom several assets -- including the nation's largest paging company -- to dress it up for the stock offering.
Shares of Metrocall Inc., the second largest United States paging company, more than tripled yesterday after the investment firm Hicks, Muse, Tate & Furst and two other companies agreed to invest about $51 million in the company.
The Mobilemedia Corporation of Ridgefield Park, N.J., the fourth-largest United States paging company, agreed to sell 163 paging towers to the closely held Pinnacle Towers Inc. for $170 million in cash.
John P. Frazee Jr., the chairman of Paging Network Inc., the nation's largest paging company with about 10.4 million customers, said that 50 to 60percentt of the company's customers, mostly in big cities, would have service by this morning and that 90percentt of the users would have service by this weekend.
Securities regulators are investigating whether MCI WorldCom wcom misled investors when the telecom giant appeared to deny its plans to acquire paging company SkyTel skyt, according to The Wall Street Journal.
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Through the scripting language and its mastery of modems, it implements the Telocator Alphanumeric Protocol (TAP), widely supported by paging companies.
Meantime, paging companies have not built out services on much of the spectrum auctioned by the FCC earlier in the decade.
According to its website, money for the program is contributed entirely by "long distance companies, local telephone companies, wireless telephone companies, paging companies, and payphone providers," and none of the funding comes from taxpayers via the federal government.
The nation's large paging companies began shifting their operations to other satellites -- a tedious process that involves manually redirecting thousands of satellite dish antennas nationwide.
He found that McCaw had paging companies operating under 17 different names in 17 states.
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