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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (18536)	10/21/1997 1:27:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 61433

I haven't heard anything on WCOM/MCI lately? I just E-Mailed Caroline@MCI reqarding what OC-12 equipement is being installed in Microsoft Fastest Corporate Connection to the Internet bud.stocksmart.com:8810/ss-news/CX637349.html MCI PLACED ON FITCHALERT EVOLVING - Fitch Financial Wire - NEW YORK, Oct. 20 /PRNewswire/ -- Fitch has placed MCI Communications Corp.'s (MCI) 'A' senior unsecured debt, 'A-' QUIPS and 'F-1' commercial paper on FitchAlert evolving, following WorldCom Inc.'s and GTE Corp.'s separate unsolicited bids for the company. Evolving indicates the ratings could be raised or lowered. MCI is placed on FitchAlert evolving, based on the company's uncertain outlook and the differing credit profiles of the three potential acquiring companies: British Telecommunications plc (BT), WorldCom and GTE. MCI's debt ratings had been placed on FitchAlert positive in November 1996 after BT and MCI announced definitive plans to merge. If the BT/MCI merger is completed as planned, MCI's credit rating would be enhanced by BT's considerable financial strength. If WorldCom is successful in its $30 billion all-stock offer, MCI's credit quality would likely weaken at least in the near term, as a result of diminished bondholder protection measures and limited financial flexibility. Should GTE acquire MCI for $28 billion in cash, the significant increase in debt associated with this transaction would result in a substantial deterioration in the company's credit profile. However, at this time, the outcome of all three proposals is very speculative. With 1996 revenues of $18.5 billion, MCI, headquartered in Washington, D.C., ranks as one of the world's largest telecommunications companies. MCI is also the world's third largest carrier of international voice traffic and operates one of the world's most advanced Internet networks. With revenues of more than $21 billion in 1996, GTE is one of the largest publicly held telecommunications companies in the world. Domestically, GTE offers local and wireless service in 29 states and long-distance in all 50 states. GTE also provides Internet access services and is active in government and defense communications systems and equipment, directories and information services, and aircraft-passenger telecommunications. Outside the U.S., GTE serves seven million customers. WorldCom operates in more than 50 countries and generated $5.64 billion in revenue on a pro forma basis in 1996. The company is a premier provider of facilities-based and fully integrated local, long distance, international and Internet services. WorldCom's subsidiary, UUNET Technologies, Inc., is an international provider of Internet services. BT is one of the world's leading providers of integrated telecommunications services. The company is the U.K.'s main provider of local and long distance telephone service. BT also services international telephone calls and provides mobile communication services. It derives almost all of its revenues from operations in the U.K. SOURCE Fitch Investors Service Jeff