Verizon to Buy MCI for &#36;6.8 Bln-Sources
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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 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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Sprint Corp. said yesterday it will acquire Nextel Communications Inc. in a $35-billion deal that will create the nation&#39;s third-largest wireless phone carrier, Sprint Nextel.
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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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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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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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Sprint Corp. on Wednesday agreed to buy wireless telephone company Nextel Communications Inc. in a cash and stock deal worth as much as &#36;38.45 billion to gain more business customers and more wireless airwaves to transmit calls.
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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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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.
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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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Verizon Wireless announced Friday that it plans to buy airwave licenses from NextWave Telecom Inc. for $3 billion in cash, giving the cellular phone giant the ability to carry more calls in some of the nation's largest cities. -The Washington Post
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NEW YORK, November 5  - Verizon Wireless, a joint venture of Verizon Communications (VZ.NYS) and Vodafone Group, has reached an agreement to acquire all of NextWave&#39;s airwave spectrum licenses for about $3 billion.
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PHILADELPHIA/NEW YORK  - Sprint Corp. is in  advanced talks to 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 service carriers, sources familiar with  the situation said on Friday.
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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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Sprint Corp. is in advanced talks to buy Nextel Communications Inc. for more than $36 billion in a mostly stock deal, sources familiar with the situation said today.
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US mobile phone giant Motorola has announced plans to buy technology infrastructure group Symbol Technologies in a 3.9 billion-dollar deal.
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Verizon Wireless said it has reached a deal to buy all of NextWave&#39;s remaining spectrum licenses for US$3 billion in cash, just the latest instance of consolidation in the wireless industry