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To: axial who wrote (4286)11/11/2001 2:19:56 PM
From: Peter Ecclesine  Read Replies (1) | Respond to of 46821
 
Hi Jim,

The ILECs are 'prime borrowers.'

The fact remains that the ILECs cost of capital today is probably half that of others who would provide access.

I note Bell Canada's financial gearing is 0.02277 $394M net debt to $17,300M equity, while AT&T Wireless is geared about 3, and Nextel is about 5.8 $2626M net debt to -$451 equity.

petere