Qwest makes offer to US west

Article Abstract:

Qwest Communications, a long-distance telephone company, is considering a higher bid for local carrier US West than the proposed $37 billion merger deal between US West and Bermuda-based Global Crossing. The informal offer was made because the global telecommunications market is expected to reach $1 trillion by 2005 as compared to about $700 billion in 1999. The consolidation is also fueled by the need for carriers that can manage traffic over high-speed fiber-optic lines and that can go directly into the homes and businesses of customers.

Long Distance Telephone Svc, Local Telephone Service, Bermuda, Long distance telephone services, Qwest Communications International Inc., Local telephone services, U S West Inc.

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MCI, Sprint close in on deal

Article Abstract:

MCI WorldCom is close to reaching a deal that will allow it to acquire Sprint Corp. The two parties are ironing important issues such as price and the so-called cultural aspects. The agreement include the sale of Sprint's core phone operations and keeping of Sprint's wireless unit as a tracking stock. If a deal is finalized, MCI WorldCom CEO Bernie Ebbers will retain control of the combined business, while Sprint CEO William Esrey will probably leave the company.

Telephone Communications, Sprint Corp.

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