At BT, $7 billion windfall comes calling

Article Abstract:

British Telecommunications PLC is considering options for using a $7-billion payment it will receive for a sale of its 20% interest in MCI Communications Corp. to WorldCom Inc. BT has a number of choices, including a yet-to-be-decided buyback of shares already approved by company shareholders. BT CEO Sir Peter Bonfield confirmed a portion of the amount will be used for international expansion into markets, particularly in Japan and other nations in Asia. Industry observers say that the company investors could benefit more through intelligent telecommunications investments.

Comment:

Considers options for using $7-bil payment it will get for a sale of its 20% interest in MCI Communications to WorldCom

Asset sales & divestitures, Wired Telecommunications Carriers, Telephone Communications, Domestic Voice Telephone Service, Telephone services, British Telecommunications PLC, Domestic telephone services, MCI Inc., MCI Communications Corp., Article

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Brown & Williamson, RJR discuss merger

Article Abstract:

R.J. Reynolds Tobacco Holdings Inc. and Brown & Williamson Tobacco Corp. are discussing a possible merger of their operations. Both firms have been affected by tough price competition.

Strategy & planning, Planning, Mergers, acquisitions and divestments, Company acquisition/merger, Tobacco industry, R.J. Reynolds Tobacco Holdings Inc., Brown & Williamson Tobacco Corp., Company business planning

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