Transworld Telecommunications Inc. and Videotron USA sign wireless-cable agreement in Seattle
SALT LAKE CITY–(BUSINESS WIRE)–July 5, 1995–Transworld Telecommunications Inc. (OTC:TTIW) (BoSE:TWL) and Videotron USA Wednesday announced that their equally owned joint venture Wireless Holdings Inc. (WHI) has signed an agreement with KCTS Television 9 to lease 12 ITFS channels in Seattle.
The company estimates that there are approximately 1.1 million homes in the service area. Seattle is the 14th-largest television market in the United States and represents a strategic addition to WHI’s West Coast cluster of wireless-cable systems. With the addition of the Seattle licenses, WHI has a presence in four of the top 25 television markets in the United States.
Transworld Telecommunications is an owner, operator and developer of wireless-cable television systems in the United States and internationally.
Transworld owns 50 percent of Wireless Holdings Inc., which owns wireless-cable assets and leases in San Francisco/San Jose, San Diego and Victorville, Calif.; Greenville, S.C.; and an operating system in Spokane, Wash., with approximately 5,000 subscribers. Videotron USA owns the other 50 percent of Wireless Holdings.
In addition, Transworld owns 20 percent of Videotron Bay Area Inc. (Videotron USA owns 80 percent), the wireless system in Tampa, Fla., with approximately 5,000 subscribers. Transworld also has leases for 10 wireless-cable channels in Auckland, New Zealand, and owns four channels in Park City, Utah.
Wireless-cable television service competes with traditional hard-wired cable systems and transmits satellite television channels to a small receiving antenna at subscriber locations via superhigh frequencies. Transworld Telecommunications is a public company, and the stock trades on the Boston Stock Exchange under the symbol TWL and on the Over-the-Counter market under the symbol TTIW.
CONTACT: Transworld Telecommunications Inc., Salt Lake City
Troy D’Ambrosio, 801/328-5619
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