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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: Teddy who wrote (2114)	9/24/1999 4:11:00 PM
From: TechMkt	Read Replies (3) \| Respond to of 15615

Excert from an article concerning MCI's bid to buy Sprint. GBLX mentioned as possible buyer of Sprint's long distance network, while MCI buys the wireless business. MCI only wants the wireless business, which is why they are persuing this deal in the first place. Fez ______________________ Three's company The most tantalizing scenario would involve a three-way deal in which MCI WorldCom bought the Sprint PCS wireless business and another company took the long-distance network. "That's it. You hit it right on the head," said Gregory Miller of Jefferies & Co. Interested buyers might include Qwest Communications (QWST: news, msgs), Global Crossing (GBLX: news, msgs) or Level 3 Communications (LVLT: news, msgs), young carriers that have plenty of bandwidth but need more customers, Miller said. Another possibility is a foreign carrier such as Deutsche Telekom (DT: news, msgs), which reportedly has held acquisition talks with Sprint. Is a deal with Sprint to be, or not to be? Right now no one knows. The only thing for sure is that Ebbers won't rest until his quest for a wireless business is satisfied.