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The Federal Communications Commission has approved the $1.3 billion acquisition of the paging company Skytel Communications Inc. by the long-distance phone company MCI Worldcom Inc., the companies said yesterday. Skytel […]

The Securities and Exchange Commission is investigating whether MCI WorldCom Inc. misled investors in its apparent denial that it planned to acquire Skytel Communications Inc., according to someone familiar with the situation. MCI's statement of May 25 came three days before it announced the pact to buy the wireless paging firm for $1.3 billion. The news release was prompted after an Internet business-information service called Company Sleuth reported that MCI had registered the Internet domain name 'skytelworldcom.com.' Skytel's stock then jumped up as much as 16% during the day, closing up 6%, as trading in the stock jumped to 7.4 million shares, three times its normal amount. The firm could have declined to comment, a strategy used by many companies involved in merger talks, but in deciding to respond publicly, it was required to make a complete, truthful statement. The SEC is determining if MCI intended to mislead investors and, as part of its investigation, will request from MCI all documents pertaining to the negotiations with Skytel to figure out who had knowledge of the situation and at what time. The authorship of the statement will also be a determining factor in whether the firm violated any securities laws.

MCI Worldcom Inc. has acquired SkyTel Communications Inc. for $1.27 billion (1.21 billion euros) in shares. The deal represents MCI Worldcom's move toward providing wireless services. The deal follows unsuccessful negotiations between MCI Worldcom and Nextel Communications Inc. SkyTel is the second largest paging service in the US. Shareholders will be given 0.25 share of MCI Worldcom providing that the average trading price of MCI's shares remains higher than $80.

The Mobile Telecommunications Technologies Corporation agreed yesterday to acquire the U.S. Paging Corporation of Wayne, N.J., in a stock deal worth about $35 million. Shareholders of U.S. Paging will get […]

JACKSON, Miss., Oct. 1 /PRNewswire/ -- MCI WORLDCOM, Inc. (Nasdaq: WCOM) today announced that its merger with SkyTel Communications, Inc. has been completed, effective today at 12:01 a.m. eastern daylight [...]

CLINTON, Miss., May 28 /PRNewswire/ -- MCI WORLDCOM, Inc. (Nasdaq: WCOM) and SkyTel Communications, Inc. (Nasdaq: SKYT) announced a definitive agreement to merge the two companies. Under the terms of [...]

JACKSON, Miss.--(BUSINESS WIRE)--Mobile Telecommunications Technologies Corp. (NASDAQ:MTEL) and United States Paging Corp. (NASDAQ:USPC) today announced that USPC stockholders approved the merger of USPC and SkyTel Corp., an Mtel subsidiary, and [...]

WAYNE, N.J., Jan. 13 /PRNewswire/ -- United States Paging Corporation (Nasdaq: USPC) and Mobile Telecommunication Technologies Corp. (Nasdaq: MTEL) today announced that the Registration Statement/Proxy Statement relating to Mtel's acquisition [...]

JACKSON, Miss., Jan. 13 /PRNewswire/ -- Mobile Telecommunications Technologies Corp. (Nasdaq: MTEL) and United States Paging Corporation (Nasdaq: USPC) today announced that the Registration Statement/Proxy Statement relating to Mtel's acquisition [...]

JACKSON, Miss., Aug. 6 /PRNewswire/ -- Mobile Telecommunication Technologies Corp. (NASDAQ-NMS: MTEL) today announced that its wholly owned subsidiary, Mtel International, has sold its 20-percent interest in Shinawatra Paging, which [...]

JACKSON, Miss., July 15 /PRNewswire/ -- Mobile Telecommunication Technologies Corp. (NASDAQ: MTEL) announced today that it has agreed to sell the assets of Mtel Digital Services, Inc., the company's digital [...]

MTEL SELLS PAGING MANUFACTURING SUBSIDIARY IN U.K. JACKSON, Miss., June 10 /PRNewswire/ -- Mobile Telecommunication Technologies Corp. (Mtel) (NASDAQ-NMS: MTEL) today announced that it has sold Paging Systems Ltd., its [...]

MTEL PURCHASES METROCAST SUBSCRIBER BASE; WINS RSA CELLULAR LOTTERY JACKSON, Miss., Aug. 2 /PRNewswire/ -- Mobile Telecommunication Technologies Corp. (NASDAQ: MTTL) announced today that it will provide SkyTel nationwide paging [...]

MCI WorldCom made long-awaited plunge into national wireless arena late Fri. with $2 billion purchase of paging provider SkyTel Communications, which has 1.6 million subscribers nationwide. Purchase agreement, announced in […]

MCI WORLDCOM, Inc. (Nasdaq: WCOM) and SkyTel Communications, Inc. (Nasdaq: SKYT) announced a definitive agreement to merge the two companies. Under the terms of the agreement, holders of SkyTel common […]

MOBILE TELECOMMUNICATION TECHNOLOGIES ACQUIRES UK PAGING GROUP JACKSON, Miss., Dec. 1 /PRNewswire/ -- Mobile Telecomunication Technologies Corp. (Mtel) (NASDAQ-NMS: MTTL) announced today the acquisition of MobileComm Europe, Inc. (MCE), a [...]

IntelCom Group said it will buy Mtel Digital Services (MDS) from Mobile Telecommunications Technol $6.5 million in stock, $500,000 cash. MDS operates 122-mile wireless fiber network in L.A., Orange a […]