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To: micromike who wrote (4339)	5/3/1998 12:47:00 AM
From: pat mudge	Respond to of 18016

Nevertheless, economic forces favour continued deal making. Low interest rates and a frothy stock market make mergers attractive, particularly as ever-bigger survivors seek added size and scope to serve more demanding global customers. That raises the spectre of a handful of supercarriers able to "remonopolize" the industry -- but on a global scale. Mike -- Good article. It's not just size and financial strength these mergers seek --- or even technological advances --- but industry presence on a global scale. Naccio was asked about plans for Asia and the Pacific and he responded by saying, "We're not going to stop with Europe." And then said their approach would be different in that, "We can't just show up and start digging." They have to work with regional companies and make deals that allow them to expand overseas while providing fiber back to the US in exchange. This is when Naccio promises his first daughter to the son of Deutsche Telecom's CEO. . . Oops, wrong century. :) Pat