Qwest is acquiring LCI for $4.43 billion, creating No. 4 long-distance provider

Article Abstract:

Qwest Communications International acquired telecommunications rival for $4.43 billion in stock, or $42 a share, forming the fourth-largest US long-distance company. Both companies hope the combination will raise their small profiles in the rapidly consolidating phone industry. Qwest can offer its costly fiber-optic network, currently under construction, to LCI's base of residential and small-business customers. LCI's lack of international and local facilities forced the company to either seek a combination or face a possible domination by MCI-WorldCom and other larger carriers, according to analysts. Other LCI advantages include sophisticated software, consumer billing systems and consumer marketing. LCI Chmn H. Brian Thompson helped the company's 1997 revenue reach a reported $1.64 billion, compared to $220 million 1991.

Long-distance telephone service, LCI International Inc., LCI

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BellSouth pushes harder in Latin America

Article Abstract:

In Latin America, BellSouth is planning to release a promotional advertising strategy. Although deregulation of the telephone services industry is occurring there as well, BellSouth is willing to take that risk and go for it anyhow. They are going for the 'all-American' approach in selling their services.

Marketing procedures, Latin America, Marketing, BellSouth Corp., BLS

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Qwest enters into talks with US West, Frontier after they rule bids worthy

Article Abstract:

U S West and Frontier, after deeming Qwest's bids worthy, have entered into talks of an acquisition. Qwest is trying desperately to deter both companies from merging with Global Crossing Ltd. It seems that Qwest has sweetened the bid for the company and shareholders alike.

United States, Asset sales & divestitures, Acquisitions & mergers, U S WEST Inc., FRO, Frontier Corp.

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