Verizon Announces MCI Acquisition
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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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Verizon Communications Inc. VZ.N  said on Monday it would buy long-distance telephone company MCI  Communications Inc. MCIP.O in a deal worth $6.75 billion,  giving Verizon a foothold in the market for serving large  corporations.
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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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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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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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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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NEW YORK/WASHINGTON  - Sprint Corp. FON.N said  on Wednesday it would 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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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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Telecommunications provider MCI Inc. moved Thursday to strengthen its position in a key industry segment, acquiring Herndon-based NetSec, a provider of network security to corporate and government clients.
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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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MCI Inc. MCIP.O, the No. 2 U.S.  long-distance telephone company, on Thursday said it would buy  privately-held NetSec Inc., a provider of managed security  services, for about $105 million cash.
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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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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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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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Verizon Wireless is adding to its considerable spectrum holdings with the proposed acquisition of airwaves owned by NextWave Telecom. Under terms of the agreement, Verizon will pay US&#36;3 billion for NextWave's PCS spectrum licenses in 23 U.S. markets.
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U.S. local telephone company  Verizon Communications Inc. has 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 on Monday.