ASHBURN, Va.-MCI Inc. said Thursday that its board of directors plans to continue its discussions with Qwest. Qwest presented a revised proposal to buy MCI March 16. Verizon Communications Inc., which has also offered a bid to buy MCI, has consented to MCI's request...
ASHBURN, Va.-MCI Inc. announced a new deal with Wi-Fi aggregator Boingo Wireless that the carrier said will almost double its hot-spot network to a total of almost 11,000 locations in more than 30 countries."Network access is a key component for any company to effectively...
WASHINGTON-Technology makers and service providers should not be responsible for their customers' actions, especially if the service providers are hurt financially from those actions, CTIA argued in a brief before the U.S. Supreme Court. The court is set to hear oral argument March 29...
WASHINGTON-A key House lawmaker today said the proposed $36 billion merger between Sprint Corp. and Nextel Communications Inc. would bring added competition to a broadband market currently dominated by Bell telephone companies and cable TV giants. "The combination of Sprint and Nextel will create...
WASHINGTON-CTIA has joined with several trade associations and telecommunications companies in opposing the entertainment industry's effort to create what it calls "a secondary copyright liability.""The judicial expansion of secondary copyright liability advocated by petitioners is precisely the wrong approach. It is simply impossible for...
Two key lawmakers recently introduced legislation that would authorize the Justice Department to use wiretaps to investigate and prosecute criminal antitrust conspiracies. Somehow I cannot not see Big Brother listening in on a day in the life of Ivan Seidenberg, whose Verizon Communication's Inc....
Qwest Communications International Inc. submitted a revised proposal to acquire MCI Inc. that included a collar on its stock price and accelerating the timing of cash payments. The collar fixes the equity portion of the deal at $15.50 per share, while maintaining the original...
DENVER-Following on a government filing last week, regional telecommunications provider Qwest Communications International Inc. is reportedly set to submit a revised bid for MCI Inc. that will include a greater percentage of cash than what was included in the initial $8 billion offer. Qwest's...
Rebuffing a more substantial offer from Qwest Communications International Inc., MCI Inc. agreed last week to be acquired by Verizon Communications Inc. for approximately $6.7 billion. Qwest, which initiated the latest bidding for MCI, reportedly offered $8 billion but was turned down due to...
BOSTON-North American wireless carriers risk losing billions of dollars due to the proliferation of Wi-Fi services, according to a new report from Strategy Analytics.The consultancy said operators risk as much as $12 billion in projected profits as Wi-Fi service providers such as SBC, AT&T...
WASHINGTON-Softbank Corp., the Japanese Internet company trying to muscle or possibly buy its way into that country's mobile-phone market, has crashed the party here by breaking with U.S. and foreign mobile-phone carriers that do not want any further American intervention into rates charged by...
WASHINGTON-Telecom and tech firms, some already in the wireless business and others planning to enter it, are helping foot the bill for President Bush's inauguration Jan. 20.The donors, according to the Presidential Inaugural Committee, include Qualcomm Inc. ($100,000), AT&T Corp. ($250,000), MCI ($25,000), Oracle...
LONDON-Operating system company Symbian Ltd. announced David Levin, the company's chief executive officer, will leave the post at the end of March. Levin will then head United Business Media plc, a public company involved in professional media, news distribution and market research. Levin has...
Bayly Communications Inc. named Fernando Anaya as its sales representative for Latin America. Most recently, Anaya was sales manager for Motorola Inc. in Mexico, the Caribbean and Central America. CraniteWireless local area network security company Cranite Systems Inc. made two appointments to its executive...
WASHINGTON-The Federal Communications Commission today agreed to investigate mobile termination fees charged by foreign wireless carriers and their impact on American consumers, despite past opposition from domestic and overseas wireless firms and uncertainty about the U.S. legal authority to intervene.FCC officials stressed the inquiry...
The Federal Communications Commission normally would welcome a transaction of this kind, particularly in the post-9/11 world where having multiple telecom networks supports homeland security and economic objectives. But Leucadia National Corp., the New York holding firm in the quiet hunt for newly re-listed...
WASHINGTON-Leucadia National Corp., the New York investment firm seeking to buy at least 50 percent of MCI Inc., is remaining mum on whether it backs the revamped long-distance carrier's plans to re-enter the wireless space or any other aspect of the proposed telecom purchase."We...
WASHINGTON-WorldCom Inc., dragged down by a multi-billion-dollar accounting scandal only to emerge today from bankruptcy as MCI Inc., said it will leverage its Internet backbone business to take advantage of disruption in the telecommunications industry in way that could make it a serious wireless...
WASHINGTON-The Federal Communications Commission last week launched an inquiry to assess the impact of high foreign mobile termination fees on American consumers, dragging the United States further into a controversy that domestic and international wireless carriers would rather see settled by overseas regulators and...
WASHINGTON-The Federal Communications Commission today launched an inquiry to assess the impact of high foreign mobile termination fees on American consumers, dragging the United States further into a controversy that domestic and international wireless carriers would rather see settled by overseas regulators and the...
After nearly six years of semi-autonomous trading on the open markets, Sprint Corp. decided last week to rein in its wayward wireless division by folding in Sprint PCS' tracking stock under the company's wireline-based FON common stock symbol. Sprint PCS' stock has been trading...
AT&T Wireless Services Inc.'s clouded future began to clear last week as suitors looking to acquire the world's ninth-largest wireless carrier were expected to place their final bids by AWS' self-mandated Feb. 13 deadline. Cingular Wireless L.L.C. and Vodafone Group plc rose to the...
WASHINGTON-The General Services Administration Wednesday removed MCI/WorldCom from the exclusion list, allowing the company, which is emerging from bankruptcy after an accounting scandal, to again compete and be awarded government contracts."Over the past months, MCI and its employees have taken extensive steps to ensure...
Billing and customer retention management provider Amdocs Ltd. said it has reached an agreement to acquire privately held mediation software provider XACCT Technologies for approximately $29.5 million. Amdocs expects the acquisition, which includes $13.5 million in cash and the rest in Amdocs ordinary shares,...
