WorldCom officials want to sell parts of Sprint
Article Abstract:
In order for WorldCom's acquisition of Sprint to be successful, WorldCom may have to sell off a percentage of Sprint's assets. This may be the route in order to satisfy the Justice Department's antitrust regulations. The divisions of Sprint that are proposed for sale are all of its long distance business and Internet services whichh are valued at $45-$50 billion.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
EarthLink, Sprint revise their alliance
Article Abstract:
Sprint Corp. and EarthLink Corp. have revised their agreement and has decided to sign more third-party deals and eliminate Sprint's exclusive right to acquire EarthLink.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Long-distance rates will stay at present level, analysts believe
Article Abstract:
Industry analysts and executives predict that bargain telephone rates will not be affected by MCI WorldCom Inc.'s agreement to acquire Sprint Corp. Rate cuts have been expected to slow, because they cannot get much lower. Analysts point out that there will still be plenty of competition, as there are over 400 firms offering long-distance phone services. Excel Communications and IDT Corp. are known for their competitive rates. Moreoever, telecommunications services are beginning to overlap, and will eventually be offered in 'bundles.' Local carriers like Bell Atlantic Corp. may soon begin offering long-distance phone service in New York state, and local carrier U S West Inc. is going ahead with plans to merge with long-distance carrier Qwest Communications International Inc. With its acquisition of Sprint, MCI WorldCom will be able to offer wireless services. Unlike industry analysts and executives, the co-director of the Consumers Union of Washington does not see the deal as beneficial for consumers.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Record industry files court papers saying Napster isn't effectively blocking music. Studios fight software used to copy DVDs
- Abstracts: Courtroom battles will continue but time is on Microsoft's side. EC accuses Microsoft on 'server' sector
- Abstracts: Video games transcend child's play as the industry broadens its appeal. Tired of chasing demons in mazes? Try these new games
- Abstracts: AT&T's one-rate plan falls short of promise for broad, easy use. Telecom woes are unlikely to ease soon
- Abstracts: Tic Tac maker hopes fresh face breathes new life into campaign. Archipelago's ads will stress openness