1994-07-14, English, Article, Other article edition: LDDS pursues IDB Communications in stock deal said to total $700 million. Naik, Gautam

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Bookmark: https://trove.nla.gov.au/version/110625335
Physical Description
  • Newspaper article
Published
  • Dow Jones &​ Company, Inc., 1994 July 14
Language
  • English

Edition details

Title
  • LDDS pursues IDB Communications in stock deal said to total $700 million.
Appears In
  • The Wall Street Journal Western Edition, 1994 July 14, pA5(W) pA3(E) (ISSN: 0193-2241)
Author
  • Naik, Gautam
Published
  • Dow Jones &​ Company, Inc., 1994 July 14
Physical Description
  • Newspaper article
Subjects
Target Audience
  • General
  • Trade
Summary
  • LDDS Communications Inc is negotiating to buy IDB Communications Group Inc, an international satellite-based phone carrier. The final purchase could be valued at $700 million, and the companies are considering an all-stock trade. LDDS CEO Bernard Ebbers is not giving details on the talks. LDDS, the fourth largest long-distance phone carrier, may be in competition with at least four other companies interested in buying IDB, according to sources close to IDB. LDDS attempted to buy WilTel Communications, of Tulsa, OK, making a $2 billion offer that still stands, according to Ebbers. Analysts are dubious about LDDS' ability to afford both deals.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 15573639

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