Italian, German telecom deal struck

Article Abstract:

Deutsche Telekom of Germany and Italy-based Telecom Italia S.p.A. are poised to merge in an all-stock agreement worth $74.3 bil. Telecom Italia wanted that the German government, which holds 72% of the German carrier, would restrict voting rights in the combined firm. The merger, which would form the world's biggest telecommunications firm, is poised to create a more powerful rival for MCI WorldCom, Bell Atlantic, AT&T and SBC Communications.

Italy, Germany, Communications, Broadcasting and Telecommunications, Telecommunications industry, Deutsche Telekom AG, Telecom Italia S.p.A.

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Qwest takeover in question

Article Abstract:

Qwest Communications' proposed takeover of US West and Frontier Communications could be derailed by the low market value of Qwest. Qwest saw its stock plunge $10 3/4 to $34 1/8 on Jun 14, 1999, reducing the worth of its original $55 billion cash-and-stock offer and giving hope to start-up Global Crossing, which has a rival bid for the two companies. Qwest is offering $80 a share for US West and $75 for Frontier.

United States, US West, Frontier Communications Inc.

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Global Crossing, US West set deal

Article Abstract:

Global Crossing, based in Bermuda, has acquired US West Inc of Denver, CO, for around $37 bil in stock. The merger is set to form a communications group of almost $70 bil in market value and total revenue of $17 bil. The acquisition also received support from most analysts as US West's strong presence in the local phone business will complement the global digital phone market of the start-up buyer.

Colorado, Bermuda, Telephone services, U S WEST Inc.

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