May 1, 1996 |
In the first acquisition by a sizable local phone company of a major Internet access provider, MFS Communications Co. said Tuesday that it has agreed to pay $2 billion for Uunet Technologies Inc. The planned purchase by upstart phone carrier MFS, based in Omaha, will broaden the market for advanced telephone and Internet services targeted at large businesses.
September 23, 1997 |
UUNet, the Internet service provider owned by WorldCom Inc., is expected today to unveil an Internet-based service that lets one sender transmit large amounts of data to many users at once. The multicasting service, which lets users send hefty data files such as video, will be aimed at corporate users, analysts said. A spokeswoman for Fairfax, Va.-based UUNet would only say that the company is making a "major" announcement today in San Francisco.
August 22, 2002 |
The music industry dropped its suit seeking to compel four Internet backbone providers to block access to a Web site that offered pirated albums. The Recording Industry Assn. of America filed the precedent-setting suit last week in U.S. District Court in Manhattan seeking a federal injunction directing Sprint Corp., AT&T Broadband, UUNet Technologies Inc., and Cable & Wireless to redirect Internet traffic to and from China-based Listen4Ever.com.
February 20, 1997 |
The state of Indiana sued tobacco companies, becoming the 22nd state to attempt to recoup money spent treating smoking-related illnesses. . . . The Federal Reserve Board approved rules that will make it easier for banks to offer new products and acquire other financial institutions. . . . UUNet Technologies Inc. said it will spend $300 million this quarter to expand its capability because of surging Internet traffic. . . . USAir Group Inc. said it won't buy British Airways' 24.
May 3, 1996 |
Regulators Probe Unusual Trades in Uunet Shares: The National Assn. of Securities Dealers and the Chicago Board Options Exchange have launched a joint investigation into unusual trading in advance of the announcement this week that Omaha-based MFS Communications Co. would acquire Fairfax, Va.-based Uunet Technologies Inc., regulatory sources said. Unusually active trading in Uunet shares drove the stock higher just before the deal was announced.