Latest edge news.
Verizon to buy 13% of MCI from Mexico’s Slim, 04/11/05
Verizon Saturday said it has struck a deal with Mexican telecommunications magnate Carlos Slim Helu to acquire his 13.4% stake in MCI.
https://www.nwfusion.com/edge/news/2005/0411veriztobu.html?nl
Carrier life after Chapter 11, 04/11/05
Global Crossing emerged from bankruptcy 16 months ago with a new majority owner, Singapore Technologies Telemedia, and a new lease on life. Although analysts say the revamped company has made progress, challenges remain.
https://www.nwfusion.com/news/2005/041105-global-crossing.html?nl
Telecom tax structure in for an overhaul? 04/11/05
For the first time in 40 years, the nation’s telecom tax system might be getting an overhaul. The federal excise tax on communications services – which adds 3% to the cost of voice services – had its last major revision in 1965, during an era of monopoly telephone service. Several proposals are floating around Washington to modify, expand or repeal this tax in light of the migration of voice services to the Internet.
https://www.nwfusion.com/news/2005/041105-telecom-tax.html?nl
Alcatel president to resign, 04/08/05
Alcatel President and COO Philippe Germond on Friday announced his intention to resign from those posts and from the company’s board of directors.
https://www.nwfusion.com/edge/news/2005/0408alcatpresi.html?nl
Report: Comcast, Time-Warner to buy Adelphia, 04/08/05
Time Warner and Comcast have agreed to acquire bankrupt cable operator Adelphia Communications for $17.6 billion through a deal with Adelphia’s creditors, the Wall Street Journal reported Friday.
https://www.nwfusion.com/edge/news/2005/0408reporcomca.html?nl
MCI again rejects Qwest bid, 04/06/05
The board of MCI has again rejected a takeover bid by Qwest, Qwest said Wednesday.
https://www.nwfusion.com/edge/news/2005/0406mciagain.html?nl
