AT&T, McCaw deal could spur others

Article Abstract:

Wall Street investment bankers say that more cable TV operators and telephone companies are likely to merge or form alliances in the wake of AT and T's announcement that it plans to acquire McCaw Cellular Communications Inc for $12.6 billion. Merger activity is up 64 percent over 1992 levels, fueled in part by the AT and T/McCaw deal, U S West Inc's decision to take a $2.5 billion share in Time Warner Inc's entertainment operations and British Telecommunications Plc's announcement that it would pay $4.3 billion for a one-fifth stake in MCI Communications. Likely deals include alliances between the seven Bell regional operating companies and cable TV operators. Speculation is rampant over what MCI will do with its British Telecom war chest. The long-distance service provider might form cellular pacts with some of the Baby Bells, or it might ally itself with a major cable TV operator.

Cellular telephone services industry, Cellular telephone services, Internet services, Telephone companies, Cable television broadcasting industry, Cable television, Outlook, Telephone Company, Cellular Radio, Cable Television/Data Services, Telecommunications Services Industry

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Centel-Sprint acquisition proposal tests large investors' ability to wield power

Article Abstract:

Many of Centel Corp's stockholders are unhappy about the company's proposed acquisition by Sprint Corp and are doing what they can to oppose the stock-swap action. Sprint's offer is 25 percent under Centel's market value before the announcement. The stockholders are limited by regulations on organized opposition. The Securities Exchange Commission limits communications between shareholders and restricts stockholders who collectively hold more than 5% of a company's stock from acting in unison without publicly declaring their intentions. Providence Capital Inc and Gabelli and Co are attempting to take action on the behalf of stockholders, but both firms wish to exact costs for their labors. Despite the dissatisfaction with the proposed deal, many analysts believe the Centel deal will be consummated.

Radiotelephone communications, Telegraph & other communications, Telephone communications, exc. radio, Analysis, Laws, regulations and rules, Sprint Corp., Investor relations, Stockholder, Government Regulation, Centel Corp., CNT, Accountability

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