Verizon to Acquire MCI
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MCI Inc. board members accepted an offer Sunday night from Verizon Communications Inc. valued at $6.6 billion to $6.8 billion after rejecting a sweetened bid from Qwest Communications, sources close to the negotiations said.
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Wireless telephone company Nextel Communications confirmed Wednesday it is being bought by rival Sprint in a cash and stock deal said to be worth more than $35-billion 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 Corp.  said on 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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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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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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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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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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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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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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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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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.
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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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BEDMINSTER, NJ -- Verizon Wireless announced that it today signed a definitive agreement with NextWave Telecom Inc. to purchase all of NextWave&#39;s PCS spectrum licenses, in 23 markets around the country, for $3.
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Verizon Communications Inc.  said on Tuesday it signed a multiyear deal with Westell Technologies  to sell a phone that integrates a high-speed Internet modem and wireless networking.
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Verizon Wireless has agreed to pay US$3 billion to buy the remaining spectrum of a bankrupt wireless firm, allowing Verizon to expand its network capacity in big markets such as New York and Los Angeles.
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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.