F.C.C. staff says SBC-Ameritech merger is not in the public interest

Article Abstract:

The Federal Communications Commission has concluded that the planned merger of SBC Communications Inc. and Ameritech Corp., two local phone services providers, is not in the public interest. No restrictions were suggested that would terminate the deal at at this point. The two companies have already divested themselves of overlapping cellular telephone operations to meet previous government objections. F.C.C. investigators will continue to work in order to define to the two companies what concessions are required for approval.

Acquisitions & mergers, Wired Telecommunications Carriers, Telephone Communications, Telephone communications, exc. radio, United States. Federal Communications Commission, Acquisitions and mergers, Investigations, Telephone services, AT&T Inc., SBC, AIT, Ameritech Corp.

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Conflicts continue to swirl in Qwest's takeover bid

Article Abstract:

CEO of Qwest Communications International, Joseph P. Nacchio, said he has reaffirmed his $55 bil offer for U S West and Frontier Corp. with each company and the SEC. Qwest's hostile takeover attempt comes on the heels of a $47 bil offer by Global Crossing Ltd. for the same companies. U S West is purportedly considering the offer. Frontier said it is not. Bell South has a 10 percent stake in Quest.

Company acquisition/merger, U S WEST Inc., Public relations, Qwest Communications International Inc., QWST, Nacchio, Joseph, FRO, Frontier Corp.

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