Qwest to unveil pact to acquire Icon CMT Corp
Article Abstract:
Qwest Communications International Inc. will announce that it has reached an agreement to purchase Icon CMT Corp. Qwest will acquire the Internet service provider in an exchange of stock worth approximately $185 million. The transaction is part of an attempt by Qwest to construct a network based Internet technology all over the US. The company will be able to offer a wider range of Internet services to companies as a result of the deal.
Comment:
Qwest Communications International Inc. to purchase Icon CMT Corp. in a stock deal worth approximately $185 million
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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WorldCom quietly completes MCI Communications purchase
Article Abstract:
WorldCom Inc.'s $37 billion acquisition of MCI Communications Corp. was completed on September 14, 1998. The deal forms a huge telecommunications company that is hoping to provide competition for the Baby Bells, AT&T Corp., and overseas carriers. The conclusion of the deal signifies the end of a two-year ordeal where WorldCom battled with British Telecommunications to acquire MCI.
Comment:
WorldCom Inc.'s $37 billion acquisition of MCI Communications Corp. completed on September 14, 1998
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Spirit of St. Louis haunts SBC-Ameritech merger plan: regulators' approval may hinge on duel that was about to occur in city
Article Abstract:
SBC Communications Inc.'s and Ameritech Corp.'s merger plans may be dependent upon what federal regulators think of a competitive showdown that was about to take place in St. Louis. Before merger plans, SBC had been planning to take some of Ameritech's residential customers in what would have constituted the first move of a Bell into another Bell's territory.
Comment:
Merger plans w/ SBC may be dependent upon what fed regs think of competitive showdown
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
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- Abstracts: British company to acquire MCIs Internet business. AT&T and British Telecom merge overseas operations. MCI to sell wholesale Internet unit to Cable and Wireless
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