Frontier to be acquired by Global Crossing for $10.8 billion

Article Abstract:

Global Crossing Ltd. has agreed to acquire Frontier Corp., with an eye to Frontier's ownership of roughly one-third of an ultra-modern fiber optic communications network currently being built by Qwest Communications International. The merger may help Global Crossing compete for corporate customers such as the regional Bells in the U.S. Analysts believe it is unlikely that Global Crossing will hang onto Frontier's local residential service units for long. Frontier's shareholders are in line to get $62 worth of Global Crossing stock for each of their shares, although they could receive more if Global Crossing's share price changes dramatically before completion of the deal.

Long Distance Telephone Svc, Bermuda, Intnl Telephone Service, Long distance telephone services, Global Crossing Ltd., GBLX, International telephone services, FRO, Frontier Corp.

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If you splurge, you merge in race to link the globe

Article Abstract:

MCI WorldCom hopes to merge with Sprint Corp. during the latter half of 2000. If approved by the Federal Communications Commission, it will be the largest merger in history. FCC chairman William Kennard must determine if this merger will be a drawback to a competitive marketplace. In an address before the World Economic Development Congress, Kennard also commented that telecommunication companies need to expand their services into developing countries in order to address a global imbalance in communications.

Australia, Statistical Data Included, Management, Laws, regulations and rules, United States. Federal Communications Commission, Sprint Corp., FON, Ebbers, Bernard J., Kennard, William E.

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MCI Worldcom may join the bidding for Airtouch

Article Abstract:

In the wild bidding for Airtouch Communications Inc., there has come another suitor, MCI Worldcom. Although Bernard J. Ebbers, CEO of MCI Worldcom, has expressed in the past his lack of desire for a wireless service, there were reports in USA Today that he offered over $55 billion in stock for Airtouch. MCI Worldcom has contacted Airtouch but it seems that the bidding may just be a lot of rumours.

Radiotelephone communications, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Company acquisition/merger, Cellular telephone services, AirTouch Communications Inc., ATI

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