October 7, 1999 |
Federal regulators gave final approval Wednesday for SBC Communications Inc.'s $81.1-billion purchase of Ameritech Corp., a deal that would bring together two regional Bell companies to form the nation's largest local phone company. The approval includes an unprecedented set of 30 conditions aimed at promoting local phone competition in the regions served by Ameritech and Pacific Bell parent SBC and encouraging the development of advanced telecommunications services.
June 30, 1999 |
SBC Communications Inc. and Ameritech Corp. reached a proposed agreement with Federal Communications Commission staff members on conditions for approval of SBC's $61-billion purchase of Ameritech. The combination of San Antonio-based SBC, which owns Pacific Bell, and Chicago-based Ameritech would create a telecommunications powerhouse with combined revenue of $46 billion and control of local access lines into a third of all U.S. households. SBC, the No. 2 U.S.
April 6, 1999 |
Irving, Texas--GTE Corp., which is being acquired by Bell Atlantic Corp., agreed on Monday to buy about half of Ameritech Corp.'s cellular phone business in the Midwest for $3.27 billion in cash, accelerating a plan to provide wireless services nationwide. Ameritech is selling the properties to eliminate overlap with SBC Communications Inc., clearing the way for antitrust approval of its own pending $79.2-billion sale to SBC. The sale of the businesses in the Chicago and St.
March 25, 1999 |
Ameritech Corp., the local phone company set to be acquired by SBC Communications Inc., said it will buy a 20% stake in Bell Canada, Canada's leading carrier, for $3.4 billion. The deal with Bell Canada parent BCE Inc. would fill a key gap in the North American operations of SBC and Ameritech while giving them a stake in Canada's recently deregulated phone market. It also follows AT&T Corp.'s purchase of a stake in a rival Canadian phone company.
March 24, 1999 |
The Justice Department gave conditional approval Tuesday to SBC Communications Inc.'s planned takeover of Ameritech Corp. in a merger that would create the nation's largest local telephone company. The deal would combine two Baby Bells into a local telephone colossus that would control 57 million phone lines, almost one-third of the nation's phone lines throughout 13 states. The Justice Department approved the merger as long as the companies sell some cellular properties in each of 17 markets.
January 19, 1999 |
Ameritech Corp. is soliciting bids for its Chicago wireless business as a key part of the telecommunication company's planned $80-billion union with SBC Communications Inc., according to sources familiar with the situation. Chicago-based Ameritech has placed a $2.5-billion price tag on the business, which is being offered for sale to privately held financial buyout firms, said the sources, who did not want to be identified.