Deal pushes NTT Communications into U.S. Net market

Article Abstract:

NTT Communications of Japan will acquire the 90 percent of Verio Inc. that it does not already own, for $5.5 billion in cash, as part of a global expansion strategy. Analysts approve the important move into the U.S. Internet market. the firm has nearly 400,000 sites in 127 countries, including 14,000 e-business sites.

Japan, Long Distance Telephone Svc, Long distance telephone services, Internet service provider, Verio Inc., NTT Communications Corp.

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AT&T shares up on speedy at home deal

Article Abstract:

AT& T Corp.'s stock rose to $32 in response to the announcement that the company was increasing its stake in Excite@Home to 74%. At the same time, Standard & Poor's announced it was reviewing AT&T's debt for potential downgrade as a result of the compan's expensive acquisitions of TCI and MediaOne. AT&T's stock his off nearly 50% since November. However, Excite@Home will boost the company's slice of high speed Internet service.

Sales, profits & dividends, COMMUNICATION, Communications, Broadcasting and Telecommunications, Telephone Communications, Financial analysis, AT&T Corp., T, Telephone services, Securities, Company securities, At Home Corp., ATHM

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New York acquisition by McCaw; Metromedia accord on cellular stake is move against LIN

Article Abstract:

McCaw Cellular Communication's recent agreement to buy Metromedia's New York cellular telephone franchise is putting pressure on LIN Broadcasting to make a bid for the stake. LIN currently has first right of refusal because of its partnership with Metromedia. Analysts feel that LIN's recent merger plan with BellSouth Crop could fall through if the two companies disagree about bidding on the franchise. McCaw's bid is for $1.9 billion. LIN has 45 days to buy the franchise for the same price. McCaw plans to expand out of the rural parts of the US and sees the New York market as a key objective. In a related move, McCaw makes plans to sell its Southeastern US franchise to Contel Cellular Corp for $1.3 billion in cash.

Telephone Communication, Management, Cellular telephones, Wireless telephones, BellSouth Corp., BLS, Divestiture, AT&T Wireless Services Inc., Divestment, Cellular Radio, Acquisition, Franchise, Competitive Bidding, LIN Broadcasting Corp., LINB, MCWA, Metromedia Co., Contel Cellular Inc., CCXLA

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