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

To: TechMkt who wrote (4217)	2/9/2000 1:10:00 PM
From: SecularBull	Read Replies (1) \| Respond to of 15615

Do you? D.Telekom-must move fast after Vodafone/Mannesmann ``We need a move very quickly,' Telekom management board member Jeoffrey Hedberg told a telecommunications forum in Berlin, though he stressed any deal would be driven by financial logic. The company's international strategy had holes, particularly in France and Spain, which needed to be filled, Hedberg said. The Vodafone-Mannesmann all-share deal, which at the time of Mannesmann's agreement last week was the biggest ever, had changed the telecoms playing field and competition would get tougher, he added. Analysts have said Telekom risks becoming prey rather than predator once the German government sells its controlling stake this summmer, despite Telekom sitting on a mounting pile of cash which it has pledged to spend on international expansion. After selling its stake in the loss-making cross-border telecoms joint venture Global One to bitter rival france Telecom last month, Telekom's international strategy has looked shaky with the group too reliant on Germany, analysts warn. MCI Worldcom Inc (NasdaqNM:WCOM - news) and SBC Communications Inc (NYSE:SBC - news) of the U.S. have been cited as two groups with the desire and capacity for European acquisitions, although analysts estimate it would take $140 billion plus a hefty premium to buy a majority of Telekom, currently Europe's biggest listed company. But market speculation has largely focused on the German group doing the buying, with Britain's newly-streamlined Cable & Wireless Plc (quote from Yahoo! UK & Ireland: CW.L) the favourite potential target ahead of Infonet (NYSE:IN - news), Equant (NYSE:ENT - news) and Global Crossing (NasdaqNM:GBLX - news). LoF