Technology Industry
Industry: Email Alert RSS FeedOh, them again.(Opinion)
RCR Wireless News, July, 2004
Byline: Jeffrey Silva
The Federal Communications Commission normally would welcome a transaction of this kind, particularly in the post-9/11 world where having multiple telecom networks supports homeland security and economic objectives.
But Leucadia National Corp., the New York holding firm in the quiet hunt for newly re-listed MCI Inc., brings back bad memories for telecom regulators. A couple of NFL seasons ago, Luecadia caused a big commotion at the FCC by asking officials to bless a proposed $330 million buy of a 44-percent stake in WilTel Communications shortly before the deal was to close. WilTel's fiber optic network carries sports programming.
With the approval, Leucadia, with a Renaissance-like collection of investments in...
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