April 2005
Investment Dealers' Digest;4/18/2005, Vol. 71 Issue 15, p68
Trade Publication
The article presents statistical information on global telecommunications underwriting volume as of 11, 2005 and other developments in the corporate world. MCI Communications Corp.'s board is said to be seeking an improved offer from Verizon Communications Inc., after Verizon agreed to buy out MCI's biggest shareholder at a significantly higher price than it agreed to pay other MCI shareholder. Time Warner cable Inc. and bidding partner Comcast Cable Communications Inc. reached a deal to acquire Adelphia Communications Corp. for nearly $18 billion in cash and stock. Adelphia, the nation's fifth-largest cable TV operator, has been in bankruptcy protection since 2002.


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