Telecom Italia may unveil defense plans next week

Article Abstract:

Telecom Italia will probably reveal its strategy for defending the company against a hostile takeover bid from Olivetti. Olivetti has already made a $58 billion offer to acquire Telecom Italia. Company managing director Franco Bernabe will unveil his defense strategy at a company board meeting during the week of March 7-14, 1999. The board has given Mr.Bernabe a full mandate for defending Telecom Italia.

Comment:

Telecom Italia will probably reveal strategy for defending co against hostile takeover bid from Olivetti

Italy, Asset sales & divestitures, Acquisitions & mergers, Computer and Office Equipment, Office & Computing Machines, Office equipment, Office equipment and supplies industry, Office equipment industry, Abstract, Telecom Italia S.p.A., Olivetti S.p.A.

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WorldCom CEO hints at plans for restructuring

Article Abstract:

Bernie Ebbers, the chief executive of WorldCom Inc., made hints about the company's planned restructuring. WorldCom is the second-largest long-distance telephone company in the US.

Long Distance Telephone Svc, Long distance telephone services, Beliefs, opinions and attitudes, WCOM, MCI Inc., Ebbers, Bernard J.

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Verizon will sell rural access lines to curb costs

Article Abstract:

Verizon Communications Inc. will sell off up to 1.2 million access lines in rural areas. The sale is expected to raise approximately $4 billion (4.42 billion euros) for the firm.

Verizon Communications Inc.

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