New Euro telecoms giant faces a daunting struggle

Article Abstract:

The planned merger of Deutsche Telekom and Telecom Italia would create the third-largest telecommunications operator in the world in terms of market value. The two companies have emphasized that the deal would constitute a merger of equals, but are facing increasing scepticism from their shareholders. Observers also believe that the deal would face significant regulatory barriers. The merger is intended to fight off a hostile $65 billion bid from Olivetti for Telecom Italia.

Comment:

Briefly discusses planned merger of Telecom Italia and Deutsche Telecom

Italy, Acquisitions & mergers, Germany, Telecommunications, Deutsche Telekom AG, Telecom Italia S.p.A.

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BT in 35bn pounds sterling merger talks to create the world's second-largest telecoms company

Article Abstract:

British Telecom is holding discussions which are set to lead to it purchasing the remaining 80% of MCI which it does not already own. This would form the second-largest telecommunications concern in the world. If British Telecom and MCI can agree on a price, then the deal would have to obtain regulatory approval in the US. It would in particular have to meet conditions which restrict foreign holdings in US companies to 25%.

MCI Communications Corp., MCIC

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Investors give guarded welcome to BT break-up plan and 6bn pounds sterling rights

Article Abstract:

British Telecom's plans to spin off its mobile phone operations and raise 6 billion pounds sterling through a rights issue are discussed. The company will issue almost 2 billion new shares at 300p.

COMMUNICATION

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