VoiceStream CEO insists merger deal is still a go

Article Abstract:

VoiceStream Wireless said its merger with Deutsche Telekom (DT) will proceed as planned. Speaking before Wall Street analysts, VoiceStream CEO John Stanton claimed the DT deal is still of great value to the company's shareholders, saying the transaction would be completed by Jun 2001 after getting shareholder and regulatory approval. Nevertheless, questions have surfaced over the merger after DT's shares plummeted to a two-year low. VoiceStream also reported larger-than-expected fourth-quarter losses due to higher expenses.

VoiceStream Wireless

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AT&T to sell 16% of wireless unit for $9.8 billion

Article Abstract:

AT&T is selling 16% of AT&T Wireless Services to NTT DoCoMo for $9.8 billion, at $27 per share. AT&T Wireless will get $6.2 billion, which it will use in building a network for next-generation Internet mobile services, while parent AT&T will receive $3.6 billion. The deal also gives AT&T the capacity to stand alone, with its spin-off from AT&T scheduled for mid-2000. The acquisition also reduces AT&T's stake in AT&T Wireless to 69.8%.

Japan, Foreign operations, Wired Telecommunications Carriers, Long Distance Telephone Svc, AT&T Corp., Long distance telephone services, NTT DoCoMo Inc., AT&T Wireless Services Inc.

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