Cable & Wireless sues MCI over Internet pact

Article Abstract:

Cable & Wireless PLC has filed a lawsuit in US federal court against MCI Communications Corp., who it said is considering reneging on an agreement to sell its Internet transmission network to C&W. MCI had agreed to sell its Internet backbone to C&W in a concession to European and US regulators who are opposing C&W's pending $37 billion sale to WorldCom Inc. The suit, however, claims that despite a "no-shop provision" in the agreement, MCI is planning to change its mind and instead sell the assets to other parties.

Comment:

Sues MCI for allegedly planning to renege on an agreement to sell its Internet backbone

Foreign operations, Specialized Telecom Services, Internet services, MCI Communications Corp., Cable & Wireless PLC, Article

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Racal talks to Energis on unit sale

Article Abstract:

Racal Electronics PLC is engaged in advanced talks with Energis PLC over the possible sale of the former's telecommunications unit. Energis is negotiating to acquire the unit for about 750 million pound sterling (1.17 billion euros) primarily in shares. The unit being offered up for sale is Racal Telecom. This is Racal's voice and data communications unit.

Comment:

Racal Electronics in advanced talks with Energis over possible sale of the former's telecommunications unit

Data Transmission Services, Abstract, Racal Electronics PLC, Telecommunications transmission technologies, Energis PLC, Racal Telecom PLC

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GTE expands cellular-phone operation; Wireless assets are purchased from Ameritech

Article Abstract:

GTE Corp. has acquired about half of the cellular telephone business of Ameritech Corp. for $3.27 billion. This acquisition will give GTE and Bell Atlantic, with which it plans to merge, a presence in such markets as St. Louis and Chicago. Amertich's sale of part of its wireless business is a result of its proposed merger with SBC Communications.

Telephone Communications, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Cellular Mobile Tel Equip, Wireless telephones, Telephone services, AT&T Inc., Bell Atlantic Corp., GTE Corp., Cellular telephone equipment industry, Ameritech Corp.

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