Excel expects Telco to fuel more growth

Article Abstract:

Excel Communications announces its plans to acquire Telco Communications Group for approximately $1.08 billion. In doing so, Excel is hoping to experience growth as a long-distance telephone service provider, by adopting Telco's phone network and marketing strategies. The combined companies would make up about 5% of the long-distance market in the US and provide a stronger competitor to companies such as AT&T, Sprint and MCI. Excel's biggest reason for the acquisition is that Telco has market presence in the commercial long-distance business. The company's marketing techniques are also appealing to Excel. Excel plans to sell bundles of wireless, local and long-distance services to business customers.

Long distance telephone services, Growth, Long-distance telephone service, Company growth, EXCEL Communications Inc., Telco Communications Group Inc., TCGX, ECI

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AirTouch board must choose between Glitz and Gray; Will snazzy Vodafone or Bell Atlantic win long term, and does it matter?

Article Abstract:

AirTouch Communications is considering two possible merger offers, one from Bell Atlantic Corp. and Vodafone Group PLC. Both offers are reported to be stock swaps with Vodafone offering much more per share for AirTouch. However, some investors worry that Vodafone's shares are greatly overvalued and favor Bell Atlantic's offer which makes more sense from a strategic point of view. If Bell Atlantic's offer was to be accepted, the combined company would be able to offer a nationwide cellular network for the first time. Additionally, many AirTouch investors are more comfortable merging with an industry stalwart like Bell Atlantic, then a recent European upstart.

United States, Acquisitions & mergers, Cellular telephone services industry, Cellular telephone services, Bell Atlantic Corp., BEL, Vodafone Group PLC, AirTouch Communications Inc., ATI, Telecommunications Industry

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Olivetti races to revive bid for Telecom Italia; target's chairman prepares defense, sees no need for a 'white knight.'

Article Abstract:

Olivetti SpA is trying to reinstate a hostile bid for Telecom Italia SpA, both Italian telecommunications companies. One of the defensive measures Franco Bernabe, the Chairman of Telecom, is urging the board to adopt is a merger with Telecom Italia Mobile SpA . This merger would theoretically increase the price of the entire company so that Olivetti would not be able to purchase it.

Management, Telecom Italia S.p.A., Olivetti S.p.A., Bernabe, Franco

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