Verizon to Buy MCI for $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 $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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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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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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NEW YORK: Verizon Wireless said on Thursday it had signed an agreement with NextWave Telecom to purchase all of its airwave licences for $3bn.
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Second-largest US provider will buy wavelength portions from NextWave Telecom, which is emerging from bankruptcy. By Ken Belson. Verizon Wireless said Friday that it would pay $3 billion for the spectrum licenses
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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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(InfoWorld) - Vodafone Group has denied a Monday report by the Financial Times that it was considering buying Verizon Communications in a huge $160 billion deal. The paper, citing unnamed sources, said the international mobile operator was contemplating such a deal but hadn't approached Verizon and wouldn't necessarily go ahead with it. But Verizon's shares were up $1 at $42.76 in afternoon trading on the New York Stock Exchange. Vodafone issued a statement to the London Stock Exchange to squelch the report. "Vodafone notes press speculation that it is considering a possible offer for Verizon Communications. Vodafone wishes to make it clear that it has no plans to make such an offer," the statement said. Vodafone owns 45 percent of Verizon Wireless, the rest of which is owned by incumbent wireline carrier Verizon Communications. The dual ownership could tie Verizon's hands as it goes up against rival AT&T, which now owns all of its mobile business and is moving toward "quad-play" bundles of broadband, video, wireline voice, and mobile services. The arrangement gives Vodafone a stake in a profitable U.S. mobile business but doesn't allow it to chart its own course in the market. Vodafone tried to acquire AT&T Wireless in 2004 but was outbid by Cingular. The company has expanded aggressively in other countries, including Germany, where it bought Mannesman in 2000. Buying all of Verizon would create a company valued at about $300 billion. But as part of the deal, Vodafone might spin off Verizon's wireline business in order to build an all-wireless carrier, the Financial Times said. Verizon is the second-largest U.S. carrier behind AT&T in both wired and wireless customers. It had 60.7 million wireless subscribers and 7.4 million broadband customers at the end of the first quarter. Its Fios TV fiber-to-the-home service had attracted about 348,000 households. Verizon also operates a global enterprise communications business. Vodafone, based in Newbury, U.K., had 198.6 million customers across Europe, the Middle East, Africa, Â and the Asia-Pacific region at the end of last year.
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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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Intel said Monday it plans to buy a $218.5 million stake in the software firm VMware, bolstering the companies' existing agreement to run VMware's virtualization software on Intel's processors.
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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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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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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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MCI Inc. MCIP.O has received a  $6.3 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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Qwest Communications International Inc.  offered to acquire long-distance telephone and data services company MCI Inc.  for more than &#36;6 billion, sources familiar with the situation said on Thursday.
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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 $38.45 billion to gain  more business customers and more wireless airwaves to transmit  calls.
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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.