Article 43

 

Friday, February 18, 2005

Recent Telecom Mergers

2/14/05 - Verizon Communications Inc. agreed to buy MCI Inc. for $6.75 billion in cash and stock.
More HERE and HERE.

1/31/05 - SBC Communications Inc. agreed to acquire former parent AT&T Corp. in a $16 billion deal, mostly in stock, that would create one of the world’s largest telecom companies.
More HERE, HERE and HERE.

3/5/06 - AT&T Inc. (formed from merger above) buys BellSouth for $67 billion. This gives AT&T total control of Cingular, the nations largest cell phone provider, and BellSouth’s nine-state network. Together, the three companies employ more than 316,000 people.
More HERE.

1/10/05 - Alltel Corp., the sixth biggest U.S. cellular carrier, agreed to buy agreed to buy Western Wireless Corp., a Northwest regional carrier that owns the Cellular One brand, for about $4.4 billion in cash and stock.
More HERE and HERE.

12/15/04 - Sprint Corp. entered into a “merger of equals” with Nextel Communications Inc. in a $35 billion deal, mostly in stock, combining the nation’s third and fifth largest cell-phone carriers.
More HERE.

Completed 10/26/04 - Cingular Wireless LLC acquired AT&T Wireless Services Inc. for $41 billion in cash forming the nation’s largest cell-phone company.
More HERE and HERE.

Posted by Elvis on 02/18/05 •
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