Moving into the Big Leagues December, 1996 MFS Acquires local phone competitor MFS Communications in a $12.5 billion stock transaction. The deal also gives WorldCom a stake in cyberspace via Internet provider UUNET Technologies, which had just been bought by MFS. January, 1995 WILTEL Pays $2.5 billion in cash for Williams Telecommunications Group, giving the company an 11,000-mile network of fiber-optic and wireless facilities and a big business supplying capacity to other long-distance carriers. December, 1994 IDB Lands a $900 million stock swap merger with IDB Communications Group, a long-distance and satellite company. This gives WorldCom undersea cable capacity, as well as networks in Germany and Britain. September, 1993 METROMEDIA Strikes a three-way, $1.2 billion merger with John Kluge's Metromedia Communications and Resurgens Communications Group, adding major long-distance capacity in the Northeast U.S. and California. DATA: COMPANY REPORTS Return to main story

Updated July 4, 1997 by bwwebmaster
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