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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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 $1.25 billion more than the winning bid by Verizon  Communications Inc. VZ.N
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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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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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U.S. telecom Verizon  Communications Inc. clinched a deal to buy long-distance  carrier MCI Inc. for $6.8 billion, outflanking rival Qwest  Communications International Inc., sources familiar with the  situation said Monday.
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November 6, 2004 -- Verizon Wireless will buy NextWave Telecom Inc.&#39;s airwaves for $3 billion, increasing capacity in New York and 22 other cities, as part of efforts to reclaim the No.
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Telecom giant Verizon Communications Inc. has reportedly floated an informal buyout offer for MCI Corp., the long distance telephone company that has been awash in takeover speculation in the wake of regional phone company SBC Communications Inc.'s $16 billion deal for AT&T Corp.
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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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- 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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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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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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Less than six months after  emerging from the largest bankruptcy in history, MCI Inc.  MCIP.O has begun to search for a buyer, sources familiar with  the situation said on Monday.
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Agreement with Verizon will allow deployment of a citywide wireless network.
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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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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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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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US phone giant Verizon has beaten Qwest in a takeover battle for long-distance firm MCI, reports say.