Let the bidding frenzy begin. Possibilities are blowing open now that Sprint Corp. and WorldCom Inc. ended their $115 billion merger plans and reports of suitors for VoiceStream Wireless Corp. circulated last week.Germany's Deutsche Telekom AG and a partnership of Japanese operator NTT DoCoMo...
WASHINGTON-As Congress raises national security concerns about global telecom mergers, Nippon Telegraph and Telephone Corp.-the Japanese parent company of arguably the world's top mobile-phone Internet operator-confirmed last week the FBI is scrutinizing its proposed $5.5 billion purchase of a Colorado Internet firm."All that we...
WASHINGTON-The Federal Communications Commission's Wireless Telecommunications and International Bureaus have approved the merger of Bell Atlantic Corp. and Vodafone AirTouch plc's wireless assets, as well as VoiceStream's purchase of Aerial Communications Inc.The bureaus said "the creation of two new national wireless competitors likely will...
NEW YORK-The Financial Accounting Standards Board, Norwalk, Conn., met March 7 to begin consideration of approximately 250 formal comments about its controversial proposal to eliminate accounting for mergers as pooling of interests.The pooling of interests method records the value of a merger as the...
Speculation circulated last week that Germany's Deutsche Telekom AG is in talks with Qwest Communications International Inc. about a possible merger between the two, while SBC Communications Inc. and BellSouth Corp. also were rumored to be in merger talks.There are signs that the pending...
NEW YORK-Communications companies dominated merger and acquisition activity in 1999, accounting for $304.8 billion in transactions and 21.5 percent of the dollar amount of deals whose dollar values were disclosed.The communications sector also moved up a notch to first place from its 1998 ranking,...
During the last five weeks, merger and acquisition announcements have flooded the telecommunications arena. Carriers in Asia, Europe and North America continue to jockey for positions in an industry that promises to exclude players without multinational footprints.Telia/TelenorThe merger of Telia of Sweden and Telenor...
VoiceStream Wireless Corp. Chairman and Chief Executive Officer John Stanton said the carrier is likely to complete its mergers with Omnipoint Corp. and Aerial Communications Inc. in the first quarter as the companies wait for government approvals.Three parties have lodged protests with the Federal...
SAN ANTONIO, Texas-SBC Communications Inc. reported revenues for the third quarter increased 9.4 percent to $12.5 billion from $11.4 billion reported for the same period last year, excluding one-time items.The company recorded net earnings of $2 billion, or 57 cents per share, compared with...
NEW YORK-Contrary to headlines about heavy merger activity in all sectors, the $234 billion worth of transactions for which dollar values were disclosed last quarter doesn't come close to either of the prior two quarters.Nevertheless, aggregate merger and acquisition deal values stood at $992...
NEW YORK-Qwest Communications International Inc.'s $34.7 billion bid for U S West Inc. and its $11.8 billion bid for Frontier Corp. ranked second and third behind AT&T Corp.'s $55.8 billion offer for MediaOne Group Inc. as the largest proposed mergers announced last quarter in...
NEW YORK-On the strength of three large mergers, communications led domestic industry sectors in merger activity last quarter, a period in which the dollar volume of these deals totaled nearly twice that of the same period a year earlier.Some 1,974 planned mergers and acquisitions...
GTE Corp. last week announced plans to purchase 20 Ameritech Corp. wireless properties in the Midwest, ending months of speculation about who would acquire the lucrative Chicago and St. Louis markets that became available when SBC Communications Inc. and Ameritech announced their merger last...
WASHINGTON-Two telecommunications mega-mergers hit snags last week as the Federal Communications Commission said it had serious concerns about the SBC/Ameritech combination and the Virginia State Corporation Commission disapproved of the marriage between Bell Atlantic Corp. and GTE Corp., saying it lacked enough information to...
DENVER-Daniels & Associates said it set an all-time record during 1998 by completing 118 transactions with an aggregate value of $5.7 billion.The year marked the most mergers and acquisitions, corporate financings and financial advisory transactions Daniels has ever completed in one year, said the...
NEW YORK-With more than 7,700 transactions valued at $1.2 trillion announced, the domestic mergers and acquisitions market for 1998 crushed by 84 percent its previous record of $650.7 billion, set the prior year.Although the number of deals was about even with 1997, the average...
WASHINGTON-The battle over whether major local telephone companies will be allowed to merge-expected to be debated again today at the Federal Communications Commission-is tied to spectrum caps more than most people realize, said Motorola Inc.'s Michael D. Kennedy.The Practicing Law Institute's 16th Annual Telecommunications...
WASHINGTON-In an exclusive interview provided to RCR, the Rev. Jesse Jackson said his Rainbow/PUSH Coalition plans to announce aggressive opposition against pending telecom mega-mergers at the Federal Communications Commission's Dec. 14 meeting if negotiations with company executives on the AT&T Corp.-Tele-Communications Inc.; SBC Communications...
NEW YORK-A recent poll of 53 corporate chief executives found more than half predicting they will take part in a substantial acquisition within two years, yet only 30 percent actively consider their own company's acquisition.The interviews, conducted by Cleveland-based Christian & Timbers Inc., a...
NEW YORK-A sharp September market drop caused an overall third-quarter decline in domestic merger activity in all sectors, according to Mergerstat, a division of Houlihan Lokey Howard & Zukin, Los Angeles.Nevertheless, the running total of 5,766 such transactions announced during the first nine months...
NEW YORK-Recent gyrations in the public capital markets have made for splashy headlines, but they are not likely to stop telecommunications mergers unless there is a prolonged and profound slump, said Dave Rhodes, senior vice president of Daniels & Associates, Denver.In terms of sheer...
NEW YORK-Amid a broader trend of increasing mergers and decreasing initial public offerings among information technology, communications and media companies, carriers seized both options with gusto during the first six months of this year.The number of individual IPOs in these sectors dropped 18 percent...
NEW YORK-The $61.4 billion purchase of Ameritech Corp. by SBC Communications Inc., the second-largest merger in history, accounted for the lion's share of communications carrier consolidation activity during the last quarter.The remaining $7.6 billion in announced carrier mergers during the quarter was divided among...
DENVER, United States-Dramatic consolidation in the U.S. telecommunications industry has marked the first part of the year, topped off most recently with news the nation's largest long-distance and wireless carrier, AT&T Corp., plans to buy the nation's second-largest cable TV company, Tele-Communications Inc.The US$48...
