Bracknell forms link with WorldCom

Article Abstract:

Bracknell Corp. has gained a strategic relationship with phone giant WorldCom Inc. This has made Bracknell a leading North American telecom network builder through a US$100-million stock purchase of Able Telecom Holding Corp. The news of the deal with the giant gave Bracknell's share price a 22% boost. Bracknell's shares rose $1.4 on the Toronto Stock Exchange to close at $7.65. The WorldCom deal is going to add $150-million to Bracknell's annual sales in the first year of the six year long pact.

Bracknell Corp.

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AT&T targets MCI for fraud, racketeering

Article Abstract:

The telephone company which was formerly known as WorldCom Inc., Ashburn, Va.-based MCI, has been accused by AT and T Corp. of avoiding high fees by routing phone calls through Canada. AT and T claims that MCI cheated local telephone companies out of millions of dollars in access fees.

Legal issues & crime, Legal/Government Regulation, Economic aspects, Company legal issue, Cases, AT&T Corp., Communications industry, Long-distance telephone service

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AT and T buys BT stake in AT and T Canada

Article Abstract:

AT and T Corp. to acquire BT PLC. Company officials announced the acquistion of BT's stake in AT and T Canada, disolve their international joint venture, and take a $2.6 billion third quarter charge.

United Kingdom, Acquisitions & mergers, Joint ventures, Telephone Communications, Mergers, acquisitions and divestments, Telephone services, Company Profile, AT and T Corp., AT&T Canada Long Distance Services Co., BT Group PLC

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