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Technology / AI and automation

LONG-DISTANCE CARRIER MERGER ON-GOING

Jackson, Mississippi-based LDDS Communications Inc, Metromedia Communications Corp and Resurgens Communications Group Inc have now reached the letter of intent stage in their plan to merge with LDDS shareholders retaining about 68.5% of the combined company and John Kluge, chairman of Metromedia, expected to be chairman of the combined company with Bernard Ebbers, LDDS chief executive, taking that post; the combined company will be the fourth largest long-distance carrier in the US, a title that has been held by a whole string of companies over the past few years.

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CBR Staff Writer

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