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August 31, 1995 | Times Staff and Wire Reports
2 Telecom Companies Reportedly to Take 40% of CNI: AT&T Corp. and Unisource, a European telecommunications venture, plan to take the joint stake in the German telecom group Communications Network International, industry sources said. AT&T and Unisource, a consortium of Dutch, Swiss, Swedish and Spanish public phone companies, will take up shares from RWE, the German utility, which is expected to announce its departure from the CNI group next week, the sources said.
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BUSINESS
August 31, 1995 | Times Staff and Wire Reports
2 Telecom Companies Reportedly to Take 40% of CNI: AT&T Corp. and Unisource, a European telecommunications venture, plan to take the joint stake in the German telecom group Communications Network International, industry sources said. AT&T and Unisource, a consortium of Dutch, Swiss, Swedish and Spanish public phone companies, will take up shares from RWE, the German utility, which is expected to announce its departure from the CNI group next week, the sources said.
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BUSINESS
June 8, 2001 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
WorldCom Inc. will divide itself into two separate stocks starting today as part of a restructuring aimed at isolating its shrinking long-distance business and shoring up its sinking stock price. The plan, which was approved Thursday by WorldCom shareholders, creates two tracking stocks, one tied to WorldCom's high-growth data and business services units and the other to its cash-rich but stagnant consumer communications businesses.
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