Word: bt
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Dates: during 1990-1999
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...what would be the largest foreign buyout of a U.S. company if regulators approve it (an uncertain prospect, given likely resistance from rivals like AT&T), BT agreed Nov. 3 to pay about $21 billion for the 80% of MCI it does not already own. The merged company, to be called Concert, taking the name of a joint venture between the two, would have $42 billion in revenues and match AT&T in market value. The new colossus, boasts MCI chairman Bert Roberts, "will trump the competition as we open up communications markets both domestically and around the world...
...companies are not strangers. BT (1995 revenues: $22 billion) bought a 20% stake in MCI (1995 revenues: $15.3 billion) for $4.3 billion in 1994 and earlier this year said the two would combine their Internet networks...
...BT combo spells trouble for one company. "The merger doesn't bode well for AT&T," says Kevin Gooley, an analyst with Standard & Poor's. "It is going to make it much more difficult for them to compete internationally." Consumers could benefit because the merger will probably lower prices for international calls...
...deferring enlistment, the physical, the FBI background check, the contract, the swearing in, the possibility to enlist as an E-4 (specialist or, in even more layman's terms, corporal), the ability to choose one's exact job (from infantry to counterintelligence), the eight weeks of BT (basic training) and four to 52 weeks of AIT (advanced individual training) for every recruit, the 30 days vacation per year, the medical and dental benefits and the opportunity to purchase $100,000 of life insurance for only $8 a month...