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BUSINESS
March 5, 2004 | From Associated Press
BellSouth Corp. is in talks to sell its Latin America operations to Telefonica of Spain to raise its share of the $41 billion that Cingular Wireless has agreed to pay to acquire AT&T Wireless. The assets, mostly cellphone businesses, could fetch up to $6 billion for BellSouth.
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BUSINESS
March 5, 2004 | From Associated Press
BellSouth Corp. is in talks to sell its Latin America operations to Telefonica of Spain to raise its share of the $41 billion that Cingular Wireless has agreed to pay to acquire AT&T Wireless. The assets, mostly cellphone businesses, could fetch up to $6 billion for BellSouth.
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BUSINESS
April 19, 1997 | JUBE SHIVER Jr., TIMES STAFF WRITER
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.
BUSINESS
September 15, 2000 | Reuters
Here comes the foreign telecom bond deluge. Madrid-based Telefonica de Espana's sale of $5.86 billion of bonds Thursday in the U.S. market was just the first of many offerings expected soon from cash-hungry European telecommunications companies. The companies are in need of capital as they spend billions at auction for mobile wireless licenses in Europe. Analysts expect European telecom companies to sell up to $50 billion of bonds, mainly in the United States, in coming months.
BUSINESS
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.
BUSINESS
August 3, 2000 | From Reuters
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.
BUSINESS
March 10, 1998 | JUBE SHIVER Jr., TIMES STAFF WRITER
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.
BUSINESS
June 27, 1990 | From Associated Press
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.
BUSINESS
September 15, 2000 | Reuters
Here comes the foreign telecom bond deluge. Madrid-based Telefonica de Espana's sale of $5.86 billion of bonds Thursday in the U.S. market was just the first of many offerings expected soon from cash-hungry European telecommunications companies. The companies are in need of capital as they spend billions at auction for mobile wireless licenses in Europe. Analysts expect European telecom companies to sell up to $50 billion of bonds, mainly in the United States, in coming months.
BUSINESS
April 5, 1994 | JOHN O'DELL, TIMES STAFF WRITER
Pursuing an international expansion program, Satellite Technology Management Inc. said Monday that a major Malaysian conglomerate intends to acquire 20% of its stock and that the two companies will form an Asian joint venture. Stephen Strohman, STM's senior vice president, said the agreement calls for a subsidiary of Malaysian-based conglomerate Berjaya Group Berhad to acquire approximately 20% of STM's common stock.
BUSINESS
August 3, 2000 | From Reuters
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.
BUSINESS
March 10, 1998 | JUBE SHIVER Jr., TIMES STAFF WRITER
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.
BUSINESS
April 19, 1997 | JUBE SHIVER Jr., TIMES STAFF WRITER
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.
BUSINESS
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.
BUSINESS
June 27, 1990 | From Associated Press
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.
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