News

A challenge to the 2010 Order by ISP Verizon will allow ISPs to create a 'two tier' system which charges more for high-bandwidth activities online

Vodafone in talks with Bell

VODAFONE AIRTOUCH, the world's largest mobile phone group, confirmed yesterday that it is in talks with Bell Atlantic that could lead to the companies joining their US networks.

TODAY'S NUMBER 24

TODAY'S

Bonanza in hi-tech mergers

THE VALUE of mergers and acquisitions in the global computer, telecommunications and media sectors almost doubled in 1998 as consolidation among the world's hi-tech industries gathered pace, according to a report published today, writes Peter Thal Larsen.

Vodafone deal to wipe out three years' profits

VODAFONE IS set to plunge into the red for the next three years as a result of its pounds 37bn merger with its US rival, AirTouch, to form the world's largest mobile phone group.

Vodafone closes in on American giant

VODAFONE, the fast growing mobile phone company, looks set to wrap up its $55bn (pounds 34bn) stock-and-cash bid for AirTouch, its American counterpart, this week. "I think we could see the outlines of a deal as early as Monday," predicted Steven Jobber, a telecoms analyst at Paribas.

Outlook: Have-a-go Gent follows the pack West

NOTWITHSTANDING THE bruising experience of LucasVarity, there seems to be no end of British companies willing to try their hand at a trans-Atlantic merger. There has been a whole list of them in the last few months alone, to which Chris Gent, chief executive of Vodafone, yesterday added his name.

Vodafone poised to bid for US rival

VODAFONE IS considering entering the bidding for its US rival AirTouch in a move which could see the mobile phone group almost double in size.

Bell Atlantic linked to $45bn takeover

BELL ATLANTIC, the largest American local phone company, is in $45bn takeover talks with AirTouch, the world's biggest cellular phone company, according to a report on the American TV network CNBC that cited "people close to the talks".

CWC shares hit by bond sale plan

SHARES IN Cable & Wireless Communications, the country's second- largest telecoms operator, lost 11 per cent of their value yesterday as a major shareholder announced plans to sell bonds backed by the shares.

Outlook: Bloody nose for Bell Atlantic

BELL ATLANTIC'S stake in Cable & Wireless Communications was worth pounds 1.87bn yesterday morning. By the end of the day it had lost pounds 200m in value.

GTE threatens $40bn merger

Bid to strip WorldCom/MCI of internet business

GTE puts a spanner in the wheel of WorldCom's MCI bid

The $37bn takeover bid for MCI, the US long distance phones giant, by WorldCom is facing new hurdles, it emerged yesterday, following a complaint to regulators by GTE, the phones group which lost out in a three-way offer battle.

Profile: Sir Peter Bonfield - BT boss faces up to zero hour

Bill Gates, Rupert Murdoch and ... Sir Peter Bonfield?

Struggle for MCI over as WorldCom pays $7bn cash for BT's stake

The three-way struggle to buy MCI finally looked at an end yesterday after WorldCom removed a key obstacle to a deal by paying British Telecom $7bn in cash for its stake in MCI. But the takeover of MCI by WorldCom leaves BT in serious need of a partner to fulfil its aim to be a global telecoms force. Sameena Ahmad reports.

Rivals gather to spoil BT bid

In August 1945, Emperor Hirohito broadcast to the starving, atom- bombed and defeated Japanese nation: "The war situation has developed not necessarily to Japan's advantage."
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