Lockheed to buy Comsat for $2.7 billion

Article Abstract:

Comsat Corp. will be acquired by Lockheed Martin Corp. for $2.7 billion in a deal that will propel the aerospace and defense giant into the growing global telecommunications industry. Industry analysts predict that the merger will meet entrenched opposition from government antitrust regulators and the Federal Communications Commission. Lockheed Martin is planning to provide its customers in the business sector with bundled offerings of video, Internet, and local and long-distance telephone service.

Comment:

Will acquire Comsat Corp. for $2.7 bil in a deal that still must be approved by antitrust regulators and FCC

Asset sales & divestitures, Satellite Communications, Satellite Telecommunications, Licensing/Sales Agreements, COMSAT Corp., Lockheed Martin Corp., Article

---

A free hand: why laissez faire is the Washington line on telecom mergers; even as the big get bigger, regulators hope deals will boost competition; AT&T changes the equation

Article Abstract:

While Microsoft is sweating it out in the courtroom on a complicated antitrust trial, regulators seem to be turning their backs on the huge mergers occurring in the telecommunications industry. They don't mind the giant mergers and acquisitions that may make all cable TV and telephone companies reduce down to 3 or 4 huge conglomerates because they have hopes that these combinations may make the prices of their services lower over time.

Acquisitions & mergers, Telephone Communications, Analysis, Mergers, acquisitions and divestments, Forecasts and trends, Industry trend, Acquisitions and mergers, AT&T Corp., T, Antitrust law, Telephone services

---

Making waves: Global Crossing cries foul as carriers opt for rival Pacific Cable; it tells FCC it is stymied by collusion; investors get a different picture; 'human shields for AT&T.'(Company Business and Marketing)

Article Abstract:

Global Crossing Ltd. has become a major player in the global communications market and they intend to try many tactics to keep their place. It has joined a consortium to to build an undersea cable, yet delayed the deal to build one of its own.

Strategy & planning, Bermuda, Intnl Telephone Service, Planning, Global Crossing Ltd., GBLX, Competitions, International telephone services, Company business planning

Similar abstracts:

• Abstracts: The dominant position of the Gartner Group. Companies prepare for Year 2000; as deadline nears, averting disaster is the highest technology priority; much of the work may come at the expense of other projects
• Abstracts: Livent Inc. sues founder, files for Chapter 11. Livent board holds emergency meeting to review options for struggling firm
• Abstracts: The really real thing: Coke to peddle brand of purified bottled water in U.S. Fat-free snacks aren't wowing Frito customers

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.