- VZ closed its $8.5B purchase of MCI this week. MCI becomes Verizon Business. That means along with the 10K+ jobs lost at AT&T, there will be thousands of people getting pink slipped at VZ and/or MCI. In other acquisition news, Talk America completed its purchase of Network Telephone.
- NTC operates in the Southeast. "The NTC acquisition further gives Talk America assets in New Orleans and Jackson, Miss., where Talk America will decide whether to expand, Schwartz said. " NTC was involved last year in a 3-way with ITC and FDN, which eventuallt fell threw when ITC's stock dropped after completing its merger with BTI. FDN turned around and bought troubled Supra Telecom. With UNE-P ending in March, it will be a mad scramble for CLECs and more importantly CUSTOMERS!
Saturday, January 07, 2006
Acquisitions Closed: VZ-MCI and Talk-NT
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