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To: Anthony Wong who wrote (2438)	5/8/1998 7:28:00 AM
From: David B. Higgs	Read Replies (1) \| Respond to of 11568

GTE Files Suit to Block WorldCom's Acquisition of MCI, WSJ Says Bloomberg News May 8, 1998, 1:47 a.m. PT Washington, May 8 (Bloomberg) -- GTE Corp., one of the largest local phone companies in the U.S., has sued in a federal court to block WorldCom Inc.'s planned acquisition of MCI Communications Corp., the on-line edition of the Wall Street Journal reported. The lawsuit, filed yesterday in Washington, D.C., district court, seeks to block the acquisition on the grounds that it would damage competition in the long-distance communications industry and that it would give MCI-WorldCom unfair dominance over the primary long-distance networks that carry Internet information worldwide, the paper said. ''This is a classic red-herring tactic by GTE, which is determined to keep WorldCom and MCI from opening up their local monopoly market to competition,'' said an MCI spokesman, who said the acquisition would increase competition in all markets, the paper reported. On March 10, GTE, International Business Machines Corp., Sprint Corp. and PSINet Inc. confirmed the U.S. Justice Department subpoenaed information about their Internet services for its review of WorldCom's $41.8 billion acquisition of MCI. (WSJ 5/08 www.wsj.com) --Julie Crust in the London newsroom (44 171) 330 7368/sg