Deutsche Telekom is on the prowl again to buy global heft

Article Abstract:

Since going public in 1996, DT has been trying to build an international business. Deutsche Telekom recently sold it's stake in Global One to France Telecom for $10 bil. On DT CEO Ron Summer's list of possible acquistions. with these funds, are Qwest Communications, Global Crossing, and Cable & Wireless PLC. With income of $1.2 bil in 1999, down from $2.1 bil in 1998, DT is Europe's third largest telecom provider, behind the recently combined Mannesman-Vodafone AirTouch PLC and Telecom Italia Mobile.

Statistical Data Included, Cable and Wireless PLC, Summers, Ron

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

Article Abstract:

U S West Inc. seeks to structure a possible combination with Qwest Communications International Inc. as a merger of equals, not as a takeover, according to people with knowledge of the situation. Qwest, a phone company based in Denver, has offered to buy U S West for $69 a share, or around $35 billion. U S West had previously agreed to merge as equals with Global Crossing Ltd., an operator of undersea cables, before Qwest made its offer over three weeks ago. The bid by Qwest values U S West at a 20% premium over the offer from Global Crossing, currently valued at $29 billion. Yet, the financial elements of the deal may not be the only factor in determining which bid wins out. The agreement between Global Crossing and U S West calls for Solomon D. Trujillo, the chairman of U S West, to become co-chairman and co-chief executive of the merged company. U S West would also get to name half of the board members of the combined entity. Qwest's offer does not contain the same guarantees. Executives of Qwest say the plan to offer Mr. Trujillo a vice-chairmanship, saving the chief executive position for Qwest's CEO Joseph P. Nacchio.

United States, Asset sales & divestitures, Acquisitions & mergers, Wired Telecommunications Carriers, Long Distance Telephone Svc, Telephone communications, exc. radio, Bermuda, Intnl Telephone Service, Company acquisition/merger, Long distance telephone services, Appointments, resignations and dismissals, USW, Powers and duties, International telephone services, Trujillo, Solomon D., Nacchio, Joseph, FRO, Frontier Corp.

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Deutsche Telekom, sealing deal for One2One, eyes bigger prey

Article Abstract:

Deutsche Telekom CEO Ron Sommer says the company sees its entry into the U.K. cellular services market, via buying One2One, as a steppingstone to larger acquisitions. With an view toward bridging the Atlantic, one possibility is Sprint. Telekom owns 10% of the company, but can be blocked by France Telecom, also a 10% stake holder. It is likely the two will dissolve their partnership and their Global One venture. DT continues to seek smaller European mobile comm acquisitions.

Radiotelephone communications, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, COMMUNICATION, Communications, Broadcasting and Telecommunications, Cellular telephone services industry, Cellular telephone services, Company business planning, One2One

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