Abstract
Powertel, Inc. provides wireless personal communications services ("PCS") in the southeastern United States and provides cellular telephone service in contiguous portions of western Georgia and eastern Alabama. Powertel's PCS licenses encompass a territory of approximately 246,000 contiguous square miles with a population of approximately 24.3 million people.Powertel first introduced its PCS services in October 1996 in Jacksonville, Florida and Montgomery, Alabama and, to date, has launched its PCS services in additional 19 markets in Alabama, Florida, Georgia, Mississippi and Tennessee. In all of these markets, the Company was the first to offer PCS services commercially. Powertel intends to continue to rapidly build out its PCS network and to launch its PCS services. As of September 31, 1997, the Company had approximately 66,000 PCS subscribers.Powertel intends to become a leading provider of wireless telecommunications services in the southeastern United States by: (i) expanding its market presence and subscriber base by offering significant value to its customers; (ii) aggressively and creatively marketing a broad range of wireless telecommunications services; and (iii) increasing cash flow margins by achieving economies of scale and operating efficiencies and effectively implementing technological advances. The Company believes that the market for wireless telecommunications services will expand significantly as equipment costs and service rates continue to decline, equipment becomes more convenient and functional and wireless services become more diverse.
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