At first I thought it was up on press release which mentioned ICGX in conjunction with Lucent. However, I'm told the whole group is up on rumors that Worldcom is acquiring BFPT. The following is a copy of the release which is responsible for today's climb.
WorldCom Inc., a Jackson, Miss.-based telecommunications company, declined to comment Tuesday on a newspaper report that it was near an agreement to acquire Brooks Fiber Properties Inc (BFPT). ``As a standard policy, we do not comment on rumors or speculation,'' Steve Ingish, a WorldCom spokesman, said.
The Wall Street Journal, quoting people familiar with the situation, said WorldCom was close to a deal to buy Brooks Fiber. The newspaper said terms could not be determined.
Brooks Fiber officials were not immediately available for comment.
St. Louis-based Brooks Fiber reported second-quarter net revenues of $27.8 million, up 230 percent from the prior year and a sequential growth rate of 35 percent from the first quarter. The company said revenues were driven by a rapid increase in competitive local exchange carriers, or CLEC, lines in service.
Brooks Fiber provides local telecommuncations services, with networks operational or under construction in 44 U.S. cities as of June 30.
WorldCom provides local, long-distance, international and Internet services. |
