August 3, 2000 |
Spanish stock market regulators cleared former Telefonica Chairman Juan Villalonga of wrongdoing Wednesday in an insider trading investigation that helped force his resignation last week. The National Securities Market Commission said there was insufficient evidence to prove that Villalonga--chief architect of the telecom company's global expansion--used privileged information in a 1998 stock options trade.
March 10, 1998 |
A new wave of consolidation swept the fast-growing telephone industry Monday as two companies proposed a big merger and three others announced a global alliance. Creating the nation's fourth-largest long-distance phone company, Denver-based Qwest Communications International Inc. said it would buy LCI International Inc. of McLean, Va., in a $4.4-billion all-stock deal.
April 19, 1997 |
In a blow to rival AT&T, MCI Communications Corp. and British Telecom announced Friday they will extend their global network by forming an alliance with Telefonica de Espana, Spain's national phone company. The deal would give the trio of telephone partners a huge presence on three continents--North America, Europe and now the hot South America market that is expected to nearly double in size to $53 billion by 2000.
May 23, 1996
IBM Unit, Spanish Firm to Sign Pact: Telefonica de Espana and IBM Espana said they will sign an agreement designed to sell IBM personal computers and Telefonica's online service. Users of Telefonica's new Infovia online service will have direct access to the Internet and IBM Corp.'s Global Network, or IGN. New IBM PCs sold in Spain will come equipped with Infovia software, much as Windows 95 provides direct access to Microsoft Network.
June 27, 1990 |
Bell Atlantic Corp. and Telefonica of Spain have won bids for control of Argentina's state telephone company, newspapers reported Tuesday. Bids for both sections of ENTel (Empresa Nacional de Telecomunicaciones), notorious for its poor telephone service and money-losing operations, were opened Monday. Winners of the northern section and southern section bids--both sections will split the most populous city in the country, Buenos Aires--will be announced Thursday.