GTE Message Board - Msg: 5749918

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Technology Stocks : GTE

GTE 3.520

+2.6%

Nov 3 3:59 PM EST

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To: ricky who wrote (589)	9/15/1998 1:35:00 AM
From: Ernie Kelley	of 671

Bloomberg News September 14, 1998, 4:39 p.m. ET WorldCom's $47.3 Bln Purchase of MCI Wins U.S. FCC Approval Wireless Void One gaping hole in MCI WorldCom's global telecommunications package is wireless phone service, analysts said, raising the possibility of future acquisitions. AirTouch Communications Inc. could be a likely target, said Dellinger. Another possibility, Dellinger said, is for WorldCom to top Bell Atlantic's $68.3 billion offer for GTE Corp., which provides cellular phone service to more than 4 million customers in 17 states. WorldCom purchased MCI under a similar scenario. British Telecommunications Plc initially offered $25.5 billion for MCI. WorldCom and GTE Corp. then jumped into the game last October -- WorldCom with a $34.71 billion offer and GTE with a $33.5 billion offer for MCI. WorldCom prevailed when it upped its bid Nov. 10 to $47.4 billion in stock and debt. There might be hope for us after all.

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