Verizon to Buy MCI in $6.75 Billion Deal
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Verizon Communications Inc. VZ.N  on Monday said it would buy long-distance telephone company MCI  Communications Inc. MCIP.O in a deal worth $6.75 billion,  giving Verizon a foothold in the market for serving large  corporations.
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MCI Inc.'s agreement to be bought by Verizon Communications Inc. for $6.7 billion faces opposition from MCI shareholders who own 11 percent of the telephone company and say the offer undervalues their holdings.
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Telecommunications giant Sprint Corp. is acquiring Nextel Communications Inc. in a &#36;35 billion deal that would create the nation's third largest wireless telephone service provider.
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The company&#39;s sixth buy this year is meant to aid service providers in controlling and managing Internet-based networks, such as VoIP and interactive gaming.
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Agreement with Verizon will allow deployment of a citywide wireless network.
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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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MCI Inc. MCIP.O has received a  $6.3 billion takeover bid from Qwest Communications  International Inc. Q.N and has held talks with another  potential suitor, Verizon Communications Inc. VZ.N, sources  familiar with the situation said on Thursday.
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PHILADELPHIA/NEW YORK  - Sprint Corp. is close to  an agreement buy Nextel Communications Inc. for more than $36  billion in a mostly stock deal that would combine the No. 3 and  No. 5 U.S. wireless telephone companies, sources familiar with  the situation said on Friday.
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Sprint Corp. FON.N on Wednesday  agreed to buy mobile telephone company Nextel Communications  Inc. NXTL.O in a deal worth $35.17 billion to gain more  business customers and more airwaves to transmit calls.
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BEDMINSTER, NJ -- Verizon Wireless announced that it today signed a definitive agreement with NextWave Telecom Inc. to purchase all of NextWave&#39;s PCS spectrum licenses, in 23 markets around the country, for $3.
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Broadcom Corp. and Verizon Wireless Inc. have reached a deal that will allow Verizon to continue importing and selling mobile handsets that are at the center of an ongoing legal battle between Broadcom and Qualcomm Inc.
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Qwest Communications International Inc.  offered more than &#36;7 billion for MCI Inc. , topping an earlier bid by Verizon Communications Inc. , Bloomberg News said on Sunday.
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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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Qwest Communications International  Inc. Q.N offered more than $7 billion for MCI Inc. MCIP.O,  topping an earlier bid by Verizon Communications Inc. VZ.N,  Bloomberg News said on Sunday.
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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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The U.S. government raised $2.25  billion in an auction of wireless airwaves that ended on  Tuesday, with Verizon Wireless and a partner collectively  winning 63 licenses with almost $697.4 million in bids.
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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.