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BUSINESS
August 27, 1999 | Bloomberg News
MCI WorldCom Inc., the No. 2 U.S. long-distance telephone company, won federal regulatory approval for its planned purchase of SkyTel Communications Inc., the No. 2 paging company, for $1.75 billion in stock and assumed debt. The Federal Communications Commission ruled the transaction is in the public interest. No oppositions to the merger were filed, an agency spokeswoman said. Shareholders of SkyTel are to vote on the acquisition Sept. 29. On Nasdaq, MCI WorldCom shares fell $3.
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BUSINESS
August 27, 1999 | Bloomberg News
MCI WorldCom Inc., the No. 2 U.S. long-distance telephone company, won federal regulatory approval for its planned purchase of SkyTel Communications Inc., the No. 2 paging company, for $1.75 billion in stock and assumed debt. The Federal Communications Commission ruled the transaction is in the public interest. No oppositions to the merger were filed, an agency spokeswoman said. Shareholders of SkyTel are to vote on the acquisition Sept. 29. On Nasdaq, MCI WorldCom shares fell $3.
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BUSINESS
May 29, 1999 | From Times Wire Services
MCI WorldCom Inc. said Friday that it will buy pager company SkyTel Communications Inc. for nearly $1.3 billion, just days after the companies scuttled rumors they were discussing a merger. MCI WorldCom said it would swap 0.25 share for each SkyTel share, or $21.24 each, as it seeks to add a wireless property to fill a gaping hole in an otherwise broad list of telecommunications businesses. MCI WorldCom, the nation's No.
BUSINESS
May 29, 1999 | From Times Wire Services
MCI WorldCom Inc. said Friday that it will buy pager company SkyTel Communications Inc. for nearly $1.3 billion, just days after the companies scuttled rumors they were discussing a merger. MCI WorldCom said it would swap 0.25 share for each SkyTel share, or $21.24 each, as it seeks to add a wireless property to fill a gaping hole in an otherwise broad list of telecommunications businesses. MCI WorldCom, the nation's No.
BUSINESS
November 19, 1998 | Reuters
Eleven paging companies serving more than 30 million customers said they agreed to a set of service standards that will allow them to transmit customized Internet-based information to paging devices. Paging companies will be able to provide more specialized packages of information from the World Wide Web to customers' hand-held paging devices.
BUSINESS
February 11, 2000 | From Bloomberg News
MCI WorldCom Inc., which is buying rival long-distance phone company Sprint Corp., said Thursday that its fourth-quarter earnings nearly tripled on sales growth in high-profit Internet, international and data services. Profit from operations rose to $1.24 billion, or 42 cents a share, from $460 million, or 15 cents, a year ago. Revenue rose 5.3% to $9.63 billion. Excluding paging and certain international operations, revenue grew 15%.
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