Verizon to Buy MCI in $6.75 Billion Deal
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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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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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Sprint Corp. announced plans yesterday to buy Nextel Communications Inc. for about $35 billion in a deal that could give consumers better service but leave them with higher bills due to less competition.
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NEW YORK -- Qwest Communications International Inc. has increased its offer for MCI Inc. by nearly $1 billion as Verizon Communications Inc. continues talks with MCI about a rival bid, according to a report.
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Motorola Inc., the second-largest maker of wireless handsets, said Thursday it agreed to purchase Crisnet Inc., a privately-held developer of records management and related systems for criminal justice and public safety customers.
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Verizon Wireless has agreed to pay US$3 billion to buy the remaining spectrum of a bankrupt wireless firm, allowing Verizon to expand its network capacity in big markets such as New York and Los Angeles.
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Just five months after emerging from bankruptcy protection, MCI Inc. has hired investment and legal advisers to solicit potential buyers for the telecommunications giant, sources close to the company confirmed.
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Motorola Inc.  on Tuesday said it agreed  to buy Symbol Technologies Inc.  for about $3.9 billion  in cash to expand its enterprise capabilities.
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PHILADELPHIA/NEW YORK  - Sprint Corp. is close to  an agreement to buy Nextel Communications Inc. for about $35  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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In the deal announced Friday Verizon Wireless is buying the remaining cellular capacity from NextWave Telecom for $3 billion in cash.
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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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Verizon's acquisition ends the independence of MCI, the nation's second-largest long-distance company.
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Telephone company MCI Inc.  MCIP.O has received a $6 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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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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NEW YORK/WASHINGTON  - Sprint Corp. said Wednesday  it would buy mobile telephone company Nextel Communications  Inc. for about $36 billion, creating a U.S. wireless carrier  with nearly 40 million subscribers.
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U.S. blue chip stocks were slightly  lower on Monday as regulatory concerns at insurer American  International Group Inc. AIG.N overshadowed Verizon  Communications Inc.'s VZ.N move to buy MCI Communications  Inc. MCIP.O in a deal worth $6.75 billion.
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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.