3 of MCI's top investors hit Verizon deal
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MCI Inc.'s agreement to be bought by Verizon Communications Inc. for $6.7 billion faces opposition from MCI shareholders who own 11 percent of the telephone company and say the offer undervalues their holdings.
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MCI Inc. has hired three investment banks and a law firm to help the telecommunications company quietly search for potential buyers, according to a published report Monday.
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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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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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The #2 and #3 players in the downloadable ringtone and wallpaper market space -- suddenly a valuable, perhaps tradable, commodity -- are about to become one, by virtue of News Corp. today acquiring #3 player Mobizzo for an undisclosed amount.
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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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NEW YORK - Sprint Corp. is buying Nextel Communications Inc. in a $35-billion US deal that will create the third-largest wireless phone company in the 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 $1.25 billion more than the winning bid by Verizon  Communications Inc. VZ.N
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Sprint (Quote, Chart) has awarded wireless equipment contracts totaling $3 billion to Lucent (Quote, Chart), Motorola (Quote, Chart) and Nortel (Quote, Chart) to better compete in a sector reshaped by acquisitions and spectrum swaps.
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AMI Semiconductor's plan to outsource its global WAN to Verizon Communications worked out, at least in part, because AMI retained top IT workers after the deal was signed.
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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 ...
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America&#39;s third-largest mobile operator, Sprint, yesterday agreed to buy the fifth-largest, Nextel, in a well-flagged cash and shares deal worth $36.3billion (Â£19billion).
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In the wake of a patent battle between Broadcom and Qualcomm, a Verizon deal with Broadcom enables it to continue to import certain devices work with its 3G EV-DO network.
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In the deal announced Friday Verizon Wireless is buying the remaining cellular capacity from NextWave Telecom for $3 billion in cash.
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Investor's Business Daily - Verizon Wireless has agreed to buy NextWave Telecom's spectrum licenses in 23 markets for &#36;3 billion in cash as the nation's two regional Bell-owned wireless firms -- Verizon and Cingular -- gobble up the airwaves.
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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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The Motley Fool - The Olympic Games are now history, but not AT&amp;T's (NYSE: T - News) &#36;25 million ad campaign to redefine its image. After years of getting clobbered by the regional Bell companies such as BellSouth (NYSE: BLS - News), Verizon (NYSE: VZ - News), Sprint (NYSE: FON - News), and MCI (Nasdaq: MCIP - News), the company has turned its business focus from traditional phone service to networking.