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To: Eric L who wrote (5059)	9/27/1999 4:45:00 PM
From: JDN	Respond to of 11568

I am beginning to think it would be cheaper and faster to build their OWN wireless system instead of all this horseshit. Note next post. Lawsuits probably will come out of the wall to block any meaningful merger. Attornies delight. JDN

To: Eric L who wrote (5059)	9/27/1999 5:26:00 PM
From: Fred Levine	Respond to of 11568

Brazil will revise MCI, Sprint deals if they merge Reuters, Monday, September 27, 1999 at 13:35 SAO PAULO, Sept 27 (Reuters) - Brazil said Monday it will revise telephone deals with MCI WorldCom Inc. (NASDAQ:WCOM) and Sprint Corp. (NYSE:FON) if the No. 2 and No. 3 U.S. long-distance telephone companies follow through with rumored merger plans. Brazil could force MCI and Sprint, which are due to be the two main competitors in Brazil's privatized and deregulated long-distance market, to rework local operations, the country's communications minister said Monday. MCI and Sprint are in talks on a potential merger to create a powerful rival to industry leader AT&T Corp. (NYSE:T), industry sources said on Friday. "This is an incompatibility that Brazilian law cannot permit, there will be a need to alter this picture," Joao Pimenta da Veiga told reporters at a seminar in Sao Paulo. A group controlled by MCI bought Brazil's long-distance carrier Embratel (SAO:EBTP4) during the mega-privatization of the Telebras system last year. A Sprint-led group later bought a concession to develop a parallel long-distance network to compete with Embratel which will be called Intelig. Pimenta da Veiga said Brazil's regulatory agency Anatel will have to rule on the companies' participation if the merger is carried out. Copyright 1999, Reuters News Service fred