Worldcom

NEW YORK-U.S. District Court of Maryland Judge Alexander Williams Jr. has dismissed a breach of contract lawsuit Comsat Corp. had filed Jan. 30 against IDB Mobile Communications Inc., saying it …

WASHINGTON-In the past few years, Telef

OXFORD, England-In March, shareholders of the privatized Spanish operator Telefonica approved a new group structure as well as a proposal to raise Pta 600 billion (US$3.97 billion) through the largest-ever …

NEW YORK-GTE Corp. announced a series of asset sales and other actions April 2 that the company said are “designed to further sharpen its strategic focus and improve its competitive …

WASHINGTON-The National Telecommunications & Information Administration estimates that the liberalization of the global telecommunications marketplace has resulted in a $675 billion opportunity for carriers that want to pursue business overseas. …

WASHINGTON-No one was more surprised at the eventual outcome of the most recent Federal Communications Commission spectrum auction as was Thomas Jones, president of WNP Communications Inc., who walked away …

The recent merger activity involving second-tier cellular companies has touched off speculation about which companies may be next to tie the knot. Alltel Corp. and 3600 Communications Co. last week …

WASHINGTON-As the Justice Department broadens its antitrust probe of WorldCom Inc.’s proposed $37 billion purchase of MCI Communications Corp., Rev. Jesse Jackson’s Rainbow/Push Coalition is using the mega-merger as a …

WASHINGTON-Telefonica, WorldCom Inc. and MCI Communications Corp. said they plan to partner in strategic business ventures to leverage the three companies’ network and geographic strengths as they enter new telecommunications …

WASHINGTON-Spain’s Telefonica has announced it will partner with United States-based WorldCom and MCI in a partnership for future business ventures in Europe and the Americas. This follows the collapse of …

WASHINGTON-MCI Communications Corp. reported a net loss of $391 million, or 56 cents per share, for the fourth quarter ended Dec. 31, compared with net income of $303 million, or …

Ameritel Communications Inc., a wireless reseller owned by USCI Inc., has quickly and quietly become a weighty presence in the resale industry. The company, which began last year with fewer …

NEW YORK-Comsat Corp. has filed a breach of contract lawsuit in the U.S. District Court of Maryland against IDB Mobile Communications Inc. seeking to collect at least $5 million for …

WASHINGTON-NAACP President Kweisi Mfume last week predicted “widespread boycotts” of major wireless firms that are found to have poor records of hiring and promoting African Americans. The Economic Reciprocity Initiative, …

NEW YORK-Allen B. Salmasi, chairman and chief executive officer of NextWave Telecom Inc., went to Wall Street on Dr. Martin Luther King’s birthday to seek support for use of tax …

WASHINGTON-Wireline telecommunications carriers are gearing up to offer two phases of number portability this year, after successfully winning a time extension from the Federal Communications Commission. Some in the wireless …

NEW YORK-WorldCom Inc.’s early October offer of $35.28 billion for MCI Communications Corp. was by far the single largest merger of any kind announced not only during the fourth quarter …

MCI Telecommunications, the communications services unit of MCI Communications Corp., has indicated some of its wireless employees in the Dallas/Fort Worth area may soon be looking for new jobs. In …

Reps. Tom Bliley (R-Va.) and Joe Barton (R-Texas) apparently have had it with rope-a-dope delays by Franklin L. Haney. Haney, as you may recall, is the Tennessee investor-developer and pal …

Nearly one year after British Telecommunications plc and MCI Communications Corp. announced plans to merge, MCI last week terminated the agreement and accepted a $37 billion stock offer to merge …

WASHINGTON-In his first press briefing last Thursday, new Federal Communications Commissioner Michael Powell admitted that a stack of trade and consumer newspapers prepared him for his congressional hearings on communications …

NEW YORK-The huge outflows of capital from mutual funds that followed the late October drop in equities markets involved “primarily profit takers, who will be back in a few months,” …

AT&T Corp.’s board of directors unanimously elected C. Michael Armstrong chairman and chief executive officer of the company, effective Nov. 1. AT&T was widely viewed to be under pressure to …

MCI Communications Corp., which last week found itself with a third suitor in GTE Corp., may finally have an opportunity to enter the wireless arena in more than a reseller …

WASHINGTON-Wireless resellers have interconnection rights that have been ignored by carriers and federal regulators said an industry coalition, including surprise MCI Communications Corp. suitor WorldCom Inc., in a brief filed …