AT&T board said to meet on overhaul

Article Abstract:

AT&T Corp. is splitting into 4 units. The plan is designed to untangle some of its interests and 'unlock' value the company believes is currently 'hidden' in the larger operation. AT&T will spin off it's successful wireless unit. In doing so, it will apportion the 84% of the unit's tracking stock offering it withheld in the IPO, a move that should remove some uncertainty with investors and raise share prices. The cable television business will likely de-emphasize its cable telephony marketing, as RBOCs seem to have dropped their TV-by-phone-line plans. By focussing on its remaining core corporate network communications businesses, the company sees potential for growth. Consumer long distance services will get a separate tracking stock, and much of the debt of the other three units.

Radiotelephone communications, Cellular and Other Wireless Telecommunications, Cable Television Systems, Cable Networks, Mobile Radio Services, Cable and other pay TV services, Statistical Data Included, Management, AT&T Corp., T, Cable television broadcasting industry, Cable television, Wireless communications services, Company restructuring/company reorganization, Reorganization and restructuring, Corporate divestiture, Divestiture, Armstrong, C. Michael

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WorldCom and Sprint look for ways to save deal

Article Abstract:

Sprint Corp. and WorldCom Inc. are trying to find ways to save the proposed merger between the two companies. Antitrust officials at the US Dept. of Justice and the European Commission have opposed the merger. The regulatory challenges facing the two companies would be handled quite differently by both companies' hard-liners. These differences may not make the deal worth salvaging.

Company acquisition/merger

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WorldCom-Sprint deal in danger

Article Abstract:

The merger between Westwood, Kansas-based Sprint Corp. and Jackson, Miss.-based WorldCom Inc. may be derailed by a U.S. Department of Justice lawsuit. The proposed $129 billion deal is opposed by U.S. regulatory officials who claim the merger would vbiolate antitrust laws.

Government regulation (cont), Cases, United States. Department of Justice

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