Creating a global player
Article Abstract:
US telecommunications company MFS Communications Co.'s $2 billion acquisition of national Internet service provider UUNET Technologies was one of the largest telecommunications mergers in the US during 1996. MFS realized the importance of the Internet in late 1995 and approached UUNET because of its national business-customer base and its enlarging presence in Europe. Subsequently, MFS was acquired by WorldCom, the US's fourth largest long-distance provider, for $14 billion to create the country's first integrated long-distance and local telephone company.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1997
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Cross-border Nordic collaboration
Article Abstract:
The authorities in Denmark and Sweden have been talking with labour representatives and the major companies of their concern at the number of deals involving mergers and acquisitions, which may be a threat to jobs in the region. The telecommunications companies of Telenor and Telia plan to merge. The new company will have some 51,000 employees and a combined revenue of $10 billion. Many companies in the nordic region are merging with each other to ensure they are more able to compete with competition from foreign companies.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
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Telia & Telenor clear EU hurdles
Article Abstract:
The proposed merger between Norwegian state telecommunication firm Telenor and Swedish state telecommunication company Telia has finally been ratified by both governments during September 1999, despite political ill feeling over the merger. The new Telia-Telenor company is expected to earn revenues of up to 10 billion euro per annum. The merger was only allowed to go ahead after both firms agreed to the divestment of cable activities.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
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