Qwest, U S West to discuss German bid

Article Abstract:

Deutsche Telekom has indicated interest in buying Qwest Communications International. Qwest is currently acquiring U S West. DT seeks a wider international presence. Its offer for Qwest is in the $53 bil to $64 bil. Including U S West with the deal adds between $43 bil and $51 bil. Qwest provides data and Internet services via fiber optic lines laid along railroad rights of way.

Statistical Data Included, Management, U S WEST Inc., Summer, Ron, Nacchio, Joseph P., Trujillo, Solomon

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Sprint expected to quit WorldCom pact; Deutsche Telekom weighs launching bid valued at over $110 billion

Article Abstract:

While merger talks between WorldCom and Sprint are ending on a negative note, Deutsche Telekom is looking to jump in and bid on Sprint for itself. Deutsche Telekom still hasn't decided, though, if it will bid for Sprint, or another comapny they have had their eye on, Qwest Communications.

Long Distance Telephone Svc, Long distance telephone services, Sprint Corp., WCOM, FON, MCI Inc.

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BellSouth considers possible purchase of long-distance phone firm Qwest

Article Abstract:

BellSouth Corp. is considering a possible acquisition of Qwest Communications International Inc. after its recent purchase of a 10% stake in the long-distance firm. A filing with the Securities and Exchange Commission gives some indication of the Bell telephone company's plans. While many other phone companies are making deals and alliances, BellSouth remains committed to growing its local phone business in the nine Southeastern states in which it operates, and building ties in Latin America. BellSouth, like the other regional Bell companies, is prohibited from owning over 10% of any long-distance carrier, but the Bell companies are strongly pushing for approval to enter the long-distance market, which could happen in the not-too-distant future. Along with the 10% of Qwest it acquired for around $3.5 billion, BellSouth has the option to buy an additional 10% of Qwest if it wins approval to offer long-distance services in all of its states. Qwest's market capitalization is about $30 billion. BellSouth's market value is $87 billion. A possible merger would appear to reduce the chances that Qwest will enter into a bidding war to buy U S West Inc., a Denver Bell telephone firm that just agreed to a $35 billion merger with Global Crossing Ltd.

BellSouth Corp., BLS

Similar abstracts:

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• Abstracts: U S West prefers Qwest merger to a bid; link of equals would echo Global Crossing terms set in an earlier deal

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