MCI Worldcom acquires SkyTel for 1.21 billion euros

Article Abstract:

MCI Worldcom Inc. has acquired SkyTel Communications Inc. for $1.27 billion (1.21 billion euros) in shares. The deal represents MCI Worldcom's move toward providing wireless services. The deal follows unsuccessful negotiations between MCI Worldcom and Nextel Communications Inc. SkyTel is the second largest paging service in the US. Shareholders will be given 0.25 share of MCI Worldcom providing that the average trading price of MCI's shares remains higher than $80.

Comment:

MCI Worldcom acquires SkyTel Communications for $1.27 billion (1.21 billion euros)

United States, Asset sales & divestitures, Wired Telecommunications Carriers, Telephone Communications, Paging Services, Paging, Telephone services, Abstract, Broadcasting industry, MCI Inc., SkyTel Communications Inc.

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Swisscom will cut jobs, restructure after acquisition

Article Abstract:

Telecommunications company Swisscom AG plans to reorganize and downsize after concluding its $4.04 bil acquisition of Italy's broadband service operator Fastweb S.p.A. Swisscom will focus on customer segments instead of technologies.

Organizational history, Personnel administration, Switzerland, Company restructuring/company reorganization, Reorganization and restructuring, Swisscom AG, Company organization, Downsizing

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BT buys Italy's Albacom

Article Abstract:

BT Group PLC buys out 74% share in joint ventures with Eni SpA, Banca Nazionale del Lavaro SpA and Mediaset SpA to acquire Albacom SpA for $156 million.

United Kingdom, BT Group PLC, Albacom

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