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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 19, 1997
(December 17, 1997) -----------------
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Commission Registrant; State of Incorporation; IRS Employer
File Number Address; and Telephone Number Identification No.
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0-10516 ALIANT COMMUNICATIONS INC. 47-0632436
(A Nebraska Corporation)
1440 M Street
Lincoln, NE 68508
402-436-5289
2-39373 ALIANT COMMUNICATIONS CO. 47-0223220
(A Delaware Corporation)
1440 M Street
Lincoln, NE 68508
402-436-5289
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Item 5. Other Events
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PRESS RELEASE--RELEASED TO THE PUBLIC DECEMBER 17, 1997
Lincoln, Nebraska--Aliant Communications (NASDAQ:ALNT) today announced that
it has entered into a definitive agreement with 360 Communications Company
by which a wholly owned subsidiary of Aliant will acquire 360
Communications' 50% ownership interest in the Omaha Cellular General
Partnership. The acquisition, which is expected to close in the first
quarter of 1998, is subject to FCC approval. As a result of the
transaction, Aliant will own 100% of the Omaha Cellular General Partnership
and approximately 56% of the operating partnership which provides cellular
communication services in Douglas and Sarpy Counties in Nebraska and
Pottawattamie County in Iowa, including the Omaha-Council Bluffs
metropolitan area.
"This acquisition is consistent with the company's growth strategy of
increasing our ownership position in faster growing segments of the
communications industry," said Frank Hilsabeck, President and Chief
Executive Officer of Aliant. "Cellular is a key segment of our growth
strategy--it is a source of excellent revenues today and provides a
platform from which to market a full array of Aliant products and services
outside our traditional telephone operations."
The acquisition increases Aliant's proportionately owned POPs by 177,071 to
354,143 and subscribers by 20,856 to 41,712 based on September 30, 1997
statistics.
Aliant Communications is a diversified communications company providing a
comprehensive array of services and retail products to consumers,
businesses, educational institutions, and government agencies, and
wholesale network services to other communications companies. Web site:
www.aliant.com
Chicago-based 360 Communications Company provides wireless voice and data
services to 2.4 million customers in more than 100 markets throughout 15
states. The company also offers residential long distance and paging
services.
NOTE: A degrees symbol should immediately follow "360" in the company's
name. The word "degrees" is not part of the company's name.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant, Aliant Communications Inc., has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.
Aliant Communications Inc.
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(Registrant)
December 19, 1997 /s/ Michael J. Tavlin
Date..................... ......................................
(Signature)
Michael J. Tavlin, Vice President-
Treasurer
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant, Aliant Communications Co., has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.
Aliant Communications Co.
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(Registrant)
December 19, 1997 /s/ Michael J. Tavlin
Date..................... ......................................
(Signature)
Michael J. Tavlin, Vice President-
Treasurer
