Lucent is set to buy leader in voice mail; AT&T spinoff will pay $1.8 billion for Octel

Article Abstract:

Lucent Technologies has agreed to purchase Octel Communications for $1.8 billion in cash. This will be Lucent's first major acquisition since its split from AT&T in 1996. By acquiring Octel, Lucent will strengthen its position as the largest manufacturer of telecommunications equipment in the nation. Octel is a major player in the voice mail industry and accounts for approximately 25% of the market. A large portion of its customer base is telephone service companies and multinational corporations, which is the voice mail market's fasted growing segment. Octel's stock holders will receive $31 in cash for each their shares, which is approximately 15.9% higher than their value was at the time of the purchase.

Telephone and telegraph apparatus, Telephone Apparatus Manufacturing, Voice Store & Forward Equip, Computer software industry, Software industry, Lucent Technologies Inc., LU, Voice mail, Voice mail systems, Lucent Technologies Inc. Octel Messaging Div., OCTL, Company Acquisition/Merger

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MCI is said to weigh bid for Mediaone; would join Comcast to oppose AT&T offer

Article Abstract:

MCI Worldcom Inc. is contemplating joining Comcast Corporation in its bid to acquire Mediaone Group before AT&T can complete its acquisition of the cable operator. Comcast has been trying to find partners to buy the company and ownership of Mediaone would make MCI Worldcom a major holder of another cable operations and prevent AT&T from acquiring yet another cable concern. America Online and Microsoft Corp. have been named as potential investors as well.

United States, Asset sales & divestitures, Acquisitions & mergers, Wired Telecommunications Carriers, Cable Television Systems, Cable Networks, Telephone Communications, Telephone communications, exc. radio, Cable and other pay TV services, Company acquisition/merger, AT&T Corp., T, Cable television broadcasting industry, Cable television, Telephone services, Communications industry, WCOM, Comcast Corp., CMCSA, MCI Inc.

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