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Technology Stocks : Teligent
TGNT 0.0398+5.9%Nov 6 1:25 PM EST
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To: Bob Duclos who wrote (59)12/18/1997 7:04:00 AM
From: TheSlowLane  Read Replies (1) of 270
 
AT&T has agreed to terms to sell their credit card business to Citicorp for 4.5 billion, giving them lots of cash to go shopping. The speculation is that they could use this to enter the local market in a big way. The thing is, Teligent isn't exactly well-established at this point so even if T buys them, they would still have lots of work to do to have a presence as a LEC.
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