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Cellular phone billionaire, wife reach divorce accord

Cellular telephone billionaire Craig McCaw and his wife, Wendy, settled a high-profile divorce battle Friday, saying an amicable agreement had been reached.

"Under the terms of their agreement they will continue as co-investors in many of their present holdings," said a statement issued by Craig McCaw's investment company.Craig McCaw, 48, has a personal fortune valued at more than $2 billion stemming largely from his role as founder of McCaw Cellular Communications, which was sold to AT&T Corp. for $11.5 billion in 1993.