Vodafone, Mannesmann to team

Article Abstract:

Wireless phone company Vodafone AirTouch PLC has announced a deal to acquire German rival Mannesmann for $176 billion in stock. Under the deal, Mannesmann shareholders will get 59 shares of Vodafone stock for each share held. The sweetened will give Mannesman a 49.5% stake in the new company. The merged company will have 10% fo the world's 45 million mobile phone users, and will rank as either number 1 or number 2 wireless phone operator in 29 countries.

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DoCoMo closes in on $9B AT&T wireless deal

Article Abstract:

NTT Docomo's acquisition of 15% to 20% of Redmond, WA-based AT and T Wireless Services Inc for about $9 billion could be completed by Nov 27, 2000, according to people close to the Japanese wireless carrier. A deal between the two companies is expected to be mutually beneficial. AT and T will be provided with the capital it needs to expand its wireless network while NTT will achieve its long-desired market presence in the US.

United States, Japan, NTT DoCoMo Inc., AT&T Wireless Services Inc.

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Vodafone likely to bid $127B for rival today

Article Abstract:

Vodafone AirTouch, the largest cellular telephone company in the world, is positioned to bid $127 billion for Mannesmann AG of Germany, in what is considered to be the biggest hostile takeover ever attempted. The $249- per-share offer became possible following the failure by Mannesmann to hinder investment bank Goldman Sachs from advising UK-based Vadafone. Mannesmann is expected to continue its legal tactics to undermine Vodafone's move.

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