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Merger scramble reaches fever pitch

Following the collapse of the WorldCom-Sprint merger, communications firms are scrambling for new merger partners to gain a bigger footprint in the lucrative industry.

 

  latest developments 

Following the collapse of the WorldCom-Sprint merger, communications firms are scrambling for new merger partners to gain a bigger footprint in the lucrative industry.

"There are huge companies out there with huge valuations that absolutely have to do something out of region or else they'll get pillaged in-region. If they don't make a purchase they'll be highly marginalized."

- Andrew Hammerling, telecommunications equity analyst at Banc of America Securities

 


Global Crossing for sale?
The international telecommunications company plans to sell its GlobalCenter Web hosting unit in a move some say may signal the company is preparing to be sold.

Little VoiceStream draws giants' eyes
With a freshly minted national reach, the small wireless carrier is being eyed by some of the biggest communications companies in the world.

NTT: No truth in WorldCom takeover talk
update Japanese giant Nippon Telegraph and Telephone denies it is in talks to take over the U.S. long-distance provider.

Sprint CEO: We're not for sale
While Sprint's chief stresses the company's independence in the wake of its collapsed merger with WorldCom, analysts say it may be "too small" to claim a place among the emerging telecom giants.

previous coverage
Sprint, WorldCom call off $120 billion merger
update The ambitious merger between the telecommunications giants, which at the time of its announcement was the largest merger proposal ever, is called off.

WorldCom may put itself up for sale
The telecommunications giant reportedly appears open to selling itself if the price is high enough, now that its proposed acquisition of Sprint is likely to be called off.

Telecom shakeout could lead to merger frenzy
With the demise of Sprint and WorldCom's merger imminent, new telecommunications merger deals may be simmering.