Verizon Reaches Deal to Buy MCI for $6.7 Billion
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Verizon's acquisition ends the independence of MCI, the nation's second-largest long-distance company.
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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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Sprint Corp. on Wednesday agreed to  buy wireless telephone company Nextel Communications Inc. in a  cash and stock deal worth about $35.17 billion to gain more  business customers and more wireless airwaves to transmit  calls.
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U.S. antitrust authorities on  Thursday approved rural telephone operator Alltel Corp.'s   $1.075 billion deal to buy Midwest Wireless Holdings.
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Verizon Wireless said on Thursday that  it had signed an agreement with NextWave Telecom Inc. to  purchase all of its airwave licenses for $3 billion.
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Agreement with Verizon will allow deployment of a citywide wireless network.
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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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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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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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Verizon Wireless has agreed to buy wireless spectrum licenses covering 23 US markets from bankrupt NextWave Telecom Inc. for $3 billion in a deal that would boost Verizon&#39;s capacity in several major markets.
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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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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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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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Sprint Corp. on Wednesday agreed to  buy mobile telephone company Nextel Communications Inc. in a  deal worth $36.3 billion to gain more business customers and  more airwaves to transmit calls.
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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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Broadcom and Verizon Wireless have reached a deal that will allow Verizon to continue to import and sell phones involved in continuing litigation.
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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 ...