|
MCI Worldcom is launching a major recruitment campaign in Reading, having decided to relocate 3,000 London-based jobs to its new European headquarters in the town. 27-Sep-2000 MCI Worldcom is planning to set up a European headquarters at the Reading International Business Park being built by the M4 motorway, where it will employ up to 3,000 staff by 2002. 05-Apr-2000 MCI WorldCom is to open a £9m telecoms switching centre at the Pentagon business complex in Glasgow. 02-Dec-1999 MCI WorldCom, the US-based telecoms services provider, is to invest £150m in the UK, including a new call centre in Edinburgh that will create an initial 30 jobs. 11-Aug-1999 MCI WorldCom of the US is planning to invest $800m in the expansion of its optical fibre network in Europe, which will give it national coverage in the UK, Germany and France. 07-Oct-1998 British Telecom has sold its 20% stake in MCI Communications for $7bn and agreed to end their merger pact, as the US telephone company is now arranging a $37bn takeover by WorldCom. 11-Nov-1997 GTE Corporation has offered $28bn to acquire MCI Communications of the US, thus outbidding WorldCom, and prompting speculation that British Telecom, who have an agreement to purchase the remaining 80% of MCI, might be prepared to negotiate a three-way deal. 16-Oct-1997 WorldCom of the US has launched a $30bn counter-bid for MCI, casting uncertainty over British Telecom's planned merger with the company. 02-Oct-1997 British Telecom has renegotiated its merger with MCI of the US, reducing the value of MCI by 15% to $23.7bn following last month's profits warning. 23-Aug-1997 British Telecom is now conducting an in-depth review of MCI, its US merger target, following the unexpected profits warning issued by MCI last month. 01-Aug-1997 British Telecom and MCI have filed an application for approval of their $20bn merger with the US Federal Communications Commission. 04-Dec-1996 British Telecom has announced a £12bn merger with MCI, the US long-distance carrier, in which it is acquiring the remaining 80% stake it does not already own, thus creating a new entity called Concert which will be the world's fourth-largest telecoms company. 04-Nov-1996 British Telecom has announced plans to link up with MCI of America to invest an initial £200m in a dedicated internet network with eight international hubs, thus speeding up internet access. 11-Jun-1996
|