Deutsche Telekom to buy assets from MediaOne

Article Abstract:

Deutsche Telekom AG is supposed to announce today that it is acquiring MediaOne Group Inc.'s cellular-phone assets in Hungary, Russia, and Poland for $2 billion (Euro1.86 billion), said people with knowledge of the deal. The agreement will be the biggest M&A acquisition in Eastern Europe to date. The deal will allow Deutsche Telekom to get MediaOne International's 49% share in Westel 450 and Westel 900, which together control approximately two-thirds of the cellular-phone market in Hungary. The German company will also gain MediaOne's 22.5% share in Polska Telefonia Cyfrowa (PTC), the top cellular-service provider in Poland, and its controlling interest in the Russian Telecom Development Corp. (RTDC).

Asset sales & divestitures, Acquisitions & mergers, Germany, Telecommunications, Cellular Mobile Radio Services, Cable Television Systems, Cable Networks, Poland, Hungary, Russia, Mergers, acquisitions and divestments, Telecommunications services industry, Telecommunications industry, Cellular telephone services industry, Cellular telephone services, Cable television broadcasting industry, Cable television, MediaOne Group Inc., Deutsche Telekom AG, MediaOne International, Westel 450, Westel 900, Polska Telefonia Cyfrowa Ltd., Russian Telecommunications Development Corp.

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Computer Sciences to get ICO contract

Article Abstract:

Computer Sciences Corp. is expected to be granted a $130 million information-technology contract by ICO Global Communications Holdings Ltd., a satellite-based wireless concern in London. The 260-employee ICO is currently setting up a $4.5 billion satellite system that can provide mobile-phone services anywhere in the world. The company intends to launch the service commercially in August 2000. The information-technology contract will help ICO produce savings as it will enable the company to operate as a stripped-down, virtual company. Computer Sciences would install and operate all of ICO's call tracking, billing and fraud prevention systems.

Comment:

Is expected to be given $130 mil info-technology contract by satellite-based wireless co ICO Global Communications Holdings Ltd

United States, Use of services, Computer Services, Computer Systems Design and Related Services, Contracts & orders received, Mobile Radio Services, Information technology services, Wireless communications services, Computer Sciences Corp., Article, ICO Global Communications Holdings Ltd.

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