Viatel agrees to buy Destia in stock swap

Article Abstract:

Viatel Inc. has reached an agreement to acquire Destia Communications Inc. in a deal worth $608.4 million (581.9 million euros). Viatel will expand its presence in the European market as a result of the deal. Viatel is a provider of global telephone and data services. Destia is a provider of long-distance phone services to residential and business clients. Stockholders in Destia will be given 0.445 share of Viatel for every common share of Destia.

Comment:

Viatel to acquire Destia Communications in deal worth $608.4 million (581.9 million euros)

Asset sales & divestitures, Wired Telecommunications Carriers, Long Distance Telephone Svc, Intnl Telephone Service, Telecommunications services industry, Telecommunications industry, Long distance telephone services, International telephone services, Viatel Inc., Destia Communications Inc.

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Vodafone to merge with Bell Atlantic in U.S. market

Article Abstract:

Vodafone AirTouch PLC and Bell Atlantic Corp. have reached an agreement to merge their cellular operations in the US. The merger will create a new telecommunications giant that will provide wireless services throughout the US. GTE Corp.'s wireless operations will eventually be incorporated into the merger. GTE is Bell Atlantic's merger partner. The venture will be the largest cellular operator in the US.

Comment:

Vodafone AirTouch and Bell Atlantic to merge cellular operations in US

United Kingdom, Foreign operations, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Cellular telephone services industry, Cellular telephone services, Bell Atlantic Corp., Vodafone AirTouch PLC

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