Affiliated Computer Services Inc. of Dallas sold its $200 million-a-year welfare-to-workforce services to Arbor E&T LLC for an undisclosed sum in a deal expected to close in January.
Investors' interest in federal IT, defense and homeland security companies has been affirmed again through recent public offerings by special purpose acquisition corporations, or SPACs.
Affiliated Computer Services Inc. has sold its welfare-to-workforce services to Arbor E&T LLC for an undisclosed sum in order to focus on its core business process and IT outsourcing services.
Level 3 Communications Inc. of Broomfield, Colo., will buy Internet services provider WilTel Communications Group LLC for $370 million cash and 115 million shares stock in a deal to close in the first quarter of 2006.
Level 3 Communications Inc. has agreed to buy Internet services provider WilTel Communications Group LLC for $370 million in cash and 115 million shares of Level 3 common stock.
The Federal Communications Commission today approved the mergers of SBC Communications Inc. and AT&T Corp. and Verizon Communications Inc. and MCI Inc. The deals could be final by early 2006.
The Federal Communications Commission is expected today to decide whether to approve SBC Communications Inc.'s $16 billion purchase of AT&T Corp. and Verizon Communications Inc.'s $8.5 billion purchase of MCI Inc.
Washington Post business columnist Steven Pearlstein gives his take on why the rumored acquisition of Computer Sciences Corp. by Lockheed Martin Corp. isn't such a good thing.
Juniper Networks Inc. has acquired Acorn Packet Solutions Inc. in a deal that will enable the IP network company to enhance its service offerings to federal customers.
While Qwest Communications International Inc. is vying with three other telecom contenders for a piece of the federal government's multibillion Networx Universal telecommunications contract, the carrier is busy battling its challengers on another front.
McNeil Technologies Inc. of Springfield, Va., closed a pair of deals: one for a government contractor and a second for the government contracts held by another company. Terms of neither deal were disclosed.
McNeil Technologies Inc. of Springfield, Va., closed a pair of deals: one for a government contractor and a second for the government contracts held by another company. Terms of neither deal were disclosed.
