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To: Anthony Wong who wrote (45)	10/30/1999 7:43:00 PM
From: William F. Wager, Jr.	Respond to of 60

VoiceStream shares jump on takeover rumors By Reuters October 29, 1999, 4:10 p.m. PT NEW YORK--Shares of VoiceStream Wireless jumped more than 15 percent today on rumors the wireless telephone company could be an acquisition target, analysts said. VoiceStream gained 13.06 to reach a new 52-week high of 98.81 in heavier-than-normal trading volume on Nasdaq. VoiceStream, which is acquiring Omnipoint and Aerial Communications, may be an attractive takeover target for Baby Bell companies such as BellSouth or SBC Communications, SoundView Technology Group analyst Tim O'Neil said. "I think it's a matter of the sleeping giants are awakening and are coming to realization that it's time to move and to acquire properties," O'Neil said. BellSouth and SBC both lack national wireless networks, while companies such as Bell Atlantic and AT&T expand their wireless operations. SBC and BellSouth declined to comment. Atlanta-based BellSouth, which has 5.2 million domestic wireless customers, has said in the past, however, that it does not believe it needs to own a national network since it has extensive roaming agreements that allow it to send calls over other carriers' networks. VoiceStream could not be immediately reached for comment. Story Copyright ¸ 1999 Reuters Limited. All rights reserved.