IRVINE, Calif., May 30, 2000 (PRIMEZONE) -- IBC reported today that SBC Communications (NYSE:SBC) will announce partnerships as part of its plan to broadened its 13-state territory and provide nationwide telecommunications services, reported in The Wall Street Journal.
According to the Journal , SBC has entered deals to lease fiber capacity with Metromedia Fiber Network (Nasdaq:MRNK) and FPL FiberNet LLC (NYSE:FPL). SBC Telecom President Ron Blake said its agreement with MFN is worth about $460 million, while its 20-year pact with FPL is valued at $100 million. The terms of SBC Communications merger with Ameritech call for SBC to expand outside of its home territory, the Journal reported.
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