
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, August 30, 1994                   TAG: 9408300075
SECTION: BUSINESS                    PAGE: C-7   EDITION: METRO 
SOURCE: 
DATELINE: WASHINGTON                                  LENGTH: Short

MCI, NEXTEL TERMINATE AGREEMENT

A $1.3 billion deal that would have positioned MCI as a major competitor in the wireless communication business has hit the skids.

A tentative agreement announced in February that would have let MCI Communications Corp. acquire 17 percent of Nextel Communications Inc., one of the largest mobile radio companies, was ended by the companies, according to a statement issued Monday.

Chiefs of MCI, Nextel and Comcast Corp., a Philadelphia-based cable company that owns 17 percent of Nextel, met over the weekend but were unable to resolve differences over the terms of the tentative agreement, said company officials. Details were not available.

But a new agreement could still be reached, said the companies, which are continuing to talk.

The original agreement would have thrust MCI, the nation's second largest long-distance company, into the fast-growing wireless business for the first time.

- Associated Press

by CNB