Looking to win approval from European regulators for its pending $37 billion sale to WorldCom, MCI Communications sells off its Internet facilities to Britain's Cable & Wireless for $625 million in cash.
Is MCI's divestiture enough?
news analysis
C&W's purchase of MCI's Internet backbone appears to be doing little to placate those who have voiced concern over MCI's proposed merger with WorldCom.
C&W taps global telecom market
The British firm's buyout of MCI's Net backbone marks one of its biggest forays yet into the U.S. market, a key outpost in the telecom war.
MCI sells Net backbone to C&W
Britain's Cable & Wireless says it will acquire the Internet facilities of MCI Communications for $625 million, payable in cash.
MCI seeks bids for part of Net unit
The company is quietly soliciting bids for its backbone business, in an apparent
move to ease the concerns of antitrust regulators reviewing its pending megamerger with WorldCom
GTE files suit to block merger
The company files a lawsuit to block the proposed merger of WorldCom and MCI, citing antitrust problems with the mega-deal.
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