TECHNOLOGY & TELECOMMUNICATIONS
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From Times Staff and Wire Reports
PacTel Announces Name Change: PacTel Corp., the soon-to-be independent cellular subsidiary of Pacific Telesis Group, said it will call itself AirTouch Communications once the spinoff is complete. Trading in PacTel stock began in December, raising $1.38 billion in one of the largest initial public offerings ever. The spinoff will free the wireless communications business from regulatory constraints it faced as part of a regional Bell operating company.
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