shareholders

 

BellSouth Shareholders Approve Deal With AT&T

BellSouth Corp. shareholders on Friday morning voted overwhelmingly to approve the companys $67 billion merger with AT&T Inc., despite misgivings from employees about the future of their jobs and retirement benefits. This is a significant step in the merger approval process, said F. Duane Ackerman, BellSouths chairman and CEO. He said preliminary results indicated the […]

CTC, Choice One to Buy Conversent

Mirroring the overall industry penchant for consolidation, CTC Communications and Choice One Communications two CLECs that have yet to complete their own merger said today they will jointly acquire Conversent Communications Inc. The move creates an even stronger competitor to the incumbent local exchange carriers like Verizon and AT&T, explained Ray Allieri, president and CEO […]

CTC Communications, Choice One to Merge

CTC Communications and Choice One Communications announced today they are merging to create one of the largest CLECs in the United States, and the largest privately held CLEC in the Northeast. The merger creates a behemoth competitor to carriers such as InfoHighway, one of the largest CLECs in the Northeast created by the merger of […]

MCI Shareholders Approve Merger with Verizon

MCI Inc. shareholders today voted to approve the pending $8.4 billion merger with Verizon Communications Inc. The companies still are working to obtain remaining federal, state and international approvals for the transaction that is expected to close later this year or in early 2006. A combination of Verizon and MCI brings together the largest local […]

Trinsic Faces Possible Nasdaq Delisting

Trinsic Inc., the former Z-Tel Communications Inc. that was a major player in the UNE-P space, is in danger of losing its listing on the NASDAQSmallCap Market. The NASDAQ Stock Market Inc. last week notified Trinsic that it is in violation of NASDAQ’s voting rights rule, as well as rules requiring submission of a Listing […]

Interlink Acquires, Renames Assai

VoIP provider Interlink Global Corp. Inc. has acquired 100 percent of the stock of Assai Inc., a New Jersey-based wholesale Internet VoIP provider.Interlink is renaming Assai to Interlink Global Communications Inc., and making it the wholesale division of its entire operations. Assai founder and former CEO Siba Padhi will head the new unit, which will […]

Western Wireless, ALLTEL Merger to be Official on Monday

Nearly three weeks after the FCC approved the proposed merger between Western Wireless Corp. and ALLTEL, Western Wireless said today its shareholders also have given the thumbs-up to the deal. The companies expect the merger to be official as of Monday, Aug. 1, now that all entities have consented. Through the Western Wireless acquisition, ALLTEL […]

Shareholders Give Thumbs-Up to Sprint-Nextel Merger

Sprint Corp. and Nextel Communications Inc. shareholders have given the companies the go-ahead to merge into the new Sprint Nextel Corp.Sprint made the announcement yesterday at its annual shareholders meeting. The deal is worth an estimated $35 billion.The merger will form the No. 3 wireless company in the United States. The Associated Press also reported […]

AT&T Shareholders Give Nod to SBC Merger

AT&T Corp. shareholders on Thursday voted to approve SBC Communications Inc.s $16 billion acquisition of AT&T. Approximately 98 percent of voting shareholders approved the landmark agreement with less than 1 percent opposed, The Associated Press reported. AT&T Chairman and CEO Dave Dorman said the merger is expected to close in late 2005 or early 2006 […]

Media Reports: MCI Shareholders Withhold Votes

MCI Inc. shareholders on Monday reelected nine board members, including CEO Michael Capellas at the companys annual meeting, but some shareholders expressed their disapproval of a takeover bid by Verizon Communications Inc. by withholding their votes, according to national media reports. Shareholders withdrew 28 percent of their votes from Capellas, and investors holding 78 million […]

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