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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Merger talks between Verizon  Communications VZ.N and MCI Inc. MCIP.O have advanced, and  the two companies could announce a deal in the next few days,  the Wall Street Journal reported on Friday.
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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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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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U.S. telecom Verizon Communications Inc. clinched a deal to buy long-distance carrier MCI Inc. for &#36;6.8 billion, outflanking rival Qwest Communications International Inc., sources familiar with the situation said Monday.
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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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Verizon Wireless is buying wireless spectrum licenses covering 23 U.S. markets from bankrupt NextWave Telecom Inc. for &#36;3 billion, bolstering the cell phone company's ability to compete with the big new rival created by the merger of Cingular Wireless and AT&amp;T Wireless.
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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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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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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.
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Verizon Communications Inc. announced this morning that it has agreed to buy MCI Inc. in a deal it valued at $6.7 billion in cash, stock and special dividends. -The Washington Post
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A private buyout firm that had said it was seeking to take control of MCI Inc. has sold its 5 percent stake in the long-distance giant for a $20 million pretax profit.-The Washington Post
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Sprint has agreed to buy mobile telephone company Nextel Communications in a deal worth $35.17 billion, combining the No. 3 and No. 5 U.S. wireless carriers and creating a new company with about 40 million customers.
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Motorola Inc. , the world's second-largest maker of mobile phones, agreed to buy Symbol Technologies Inc. for $3.9 billion to expand into the market for handheld retail bar-code scanners.
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Qwest Communications International  Inc. Q.N on Wednesday released details of its spurned bid for  MCI Inc. MCIP.O, saying its offer had a total value of $8  billion, or about $1.2 billion more than the winning bid by  Verizon Communications Inc. VZ.N.
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Sprint is near a deal to acquire Nextel Communications for more than $34 billion in a transaction that would lead to further consolidation in the rapidly changing telecommunications industry
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Nextel Communications Inc. (NXTL.O: Quote, Profile, Research) plans a public offering of 6.2 million shares of mobile phone service provider NII Holdings Inc.