Telephone services
In a move that continues the consolidation trend in the US cable sector, AT&T and Cox Communications have announced a $2.85bn deal, with Cox set to acquire AT&T's cable holdings in eight western cities and regions. The transaction sees Cox exchange 50.3m
Telephone services
Global Crossing has granted a waiver to U S WEST, allowing the company to furnish information to and participate in discussions with Qwest Communications International, as requested by the board of directors of U S WEST. This move comes amidst a backdrop of significant industry developments, with Global Crossing building
Telephone services
Qwest Communications has strengthened its position in the acquisition struggle for U.S. West and Frontier Corp. by increasing its offer to $68 per share, a $5 increase from its initial bid. This move comes amidst competition with Global Crossing, which had initially secured an acquisition agreement. The telecom industry
Telephone services
Qwest Communications International Inc., a leading provider of broadband Internet-based data, voice, and image communications, has written a letter to Solomon D. Trujillo, Chairman, President, and CEO of U S WEST, Inc., urging the U S WEST Board to enter into discussions regarding a business combination. The letter, dated June
Telephone services
U.S. West, a leading telecommunications company, has entered into a significant credit facility agreement with J.P. Morgan as the lead arranger and bookrunner. The $1.5 billion facility, supported by a group of prominent banks, will serve as a crucial funding source for U.S. West's
Telephone services
A major shift in the telecommunications industry is on the horizon as Qwest Communications International Inc. makes a bold move to acquire U S West Inc. and Frontier Corp. for $55 billion. This consolidation would create a telecommunications powerhouse with a significant presence in the local phone markets in 14
Telephone services
Qwest Communications International Inc., a Denver-based company, has made a bold move by offering to acquire US West and Frontier Corp. in a $66.4 billion hostile takeover bid. This merger would create a Denver-based company with an $87 billion market capitalization and 71,000 employees, making it one of
Telephone services
In an era of unprecedented technological development and deregulation, North America's telecommunications industry is experiencing a frenetic pace of consolidation. Regional carriers and long-distance network operators are forging partnerships to achieve economies of scale and address evolving customer demands. The critical shift to value-added services will continue to
Telephone services
The recent U.S. district judge ruling ordering AT&T to give competing Internet service providers access to its cable television networks in Portland, Ore., has been hailed as a victory by MindSpring and other members of the OpenNet Coalition. The coalition, which includes America Online, U S West,
Telephone services
A class action lawsuit has been commenced in the United States District Court for the Eastern District of New York on behalf of those who sold common stock and call options or purchased put options of SkyTel Communications, Inc. between May 25 and May 28, 1999. The complaint alleges that
Telephone services
In a groundbreaking test, Rhythms NetConnections Inc. and MCI WorldCom, in collaboration with Cisco and Jetstream Communications, successfully demonstrated the capability to deliver high-quality voice and high-speed data communication over a DSL-enabled copper phone line in New York City. This achievement marks a significant milestone in the development of next-generation
Telephone services
The European Commission has given its approval to a plan by German and US telecommunications firms Mannesmann AG and Bell Atlantic Corp. to take joint control of Italian mobile phone operator Omnitel Pronto Italia SpA. This follows Olivetti's successful bid to take over Italian telecom operator Telecom Italia,
