Verizon Agrees to Acquire MCI for $6.6 Billion, Beating Qwest
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The deal, expected to be announced today, would end the independence of MCI, the nation's second-largest long-distance company.
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US phone giant Verizon has beaten Qwest in a takeover battle for long-distance firm MCI, reports say.
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NEW YORK, November 5  - Verizon Wireless, a joint venture of Verizon Communications (VZ.NYS) and Vodafone Group, has reached an agreement to acquire all of NextWave&#39;s airwave spectrum licenses for about $3 billion.
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Qwest Communications International  Inc. Q.N offered to acquire long-distance telephone and data  services company MCI Inc. MCIP.O for more than $6 billion,  sources familiar with the situation said on Thursday.
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Sprint Corp. said Wednesday it would buy mobile telephone company Nextel Communications Inc. for about &#36;36 billion, creating a U.S. wireless carrier with nearly 40 million subscribers.
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Verizon Wireless is buying cellular capacity for 23 markets from bankrupt NextWave Telecom Inc. for &#36;3 billion, ending the government's long tug-of-war over the never-used licenses and bolstering Verizon against a big new rival created by the merger of Cingular Wireless and AT&amp;T Wireless.
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Wireless telephone company Nextel Communications confirmed Wednesday it is being bought by rival Sprint in a cash and stock deal said to be worth more than $35-billion US.
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Verizon Communications Inc. on  Monday said it would buy long-distance telephone company MCI  Communications Inc. in a deal worth $6.75 billion, giving  Verizon a foothold in the market for serving large  corporations.
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Verizon Wireless said it has reached a deal to buy all of NextWave&#39;s remaining spectrum licenses for US$3 billion in cash, just the latest instance of consolidation in the wireless industry
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December 16, 2004 -- Sprint Corp. agreed to buy Nextel Communications Inc. for about $35 billion in a transaction that would leave three companies in control of 70 percent of the US mobile-telephone market.
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Verizon Wireless is buying wireless spectrum licenses covering 23 US markets from bankrupt NextWave Telecom Inc. for $3 billion, bolstering the cell phone company&#39;s ability to compete with the big new rival
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Verizon Wireless is buying cellular capacity for 23 markets from bankrupt NextWave Telecom Inc. for $3 billion, ending the government&#39;s long tug-of-war over the never-used licenses and bolstering Verizon against
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Verizon Wireless announced yesterday that it plans to buy airwave licenses in 23 markets from NextWave Telecom Inc. for $3 billion in cash, giving the cellular phone giant the ability to carry
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WASHINGTON/NEW YORK  - Sprint Corp. FON.N on  Wednesday said it will buy mobile telephone company Nextel  Communications Inc. NXTL.O for about $36 billion creating a  U.S. wireless carrier with nearly 40 million subscribers.
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Verizon Communications Inc. VZ.N  said on Tuesday it signed a multiyear deal with Westell  Technologies WSTL.O to sell a phone that integrates a  high-speed Internet modem and wireless networking.
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Long distance is dead. The last of the big-three long-distance carriers, MCI Inc., yesterday agreed to a $6.7 billion takeover by Verizon Communications Inc. The move comes two weeks after AT&amp;T Corp. agreed to sell out for $16 billion to SBC Communications Inc. Meanwhile, Sprint Corp. is taking a hard turn into a chiefly wireless future through a planned $36 ...
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Qwest Communications International  Inc. Q.N on Sunday hiked its takeover offer for MCI Inc.  MCIP.O to about $7.3 billion in cash and stock, sources  familiar with the situation said, while rival bidder Verizon  Communications Inc. VZ.N responded by altering its lower  offer.