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To: ANANT who wrote (2658)6/18/1998 2:57:00 PM
From: Anthony Wong  Read Replies (1) | Respond to of 11568
 
Qwest CEO: Would Consider MCI, WorldCom Internet Assets Buy
June 18, 1998 2:40 PM

NEW YORK (Dow Jones)--Qwest Communications
International Inc. (QWST) would consider buying the
Internet assets of MCI Communications Corp. (MCIC),
but it isn't going to get into a bidding war over them, said
Chairman and Chief Executive Joseph Nacchio.

The communication-services company could use the
telecom giant's infrastructure to build out its own Internet
operations, Nacchio said Thursday in an interview with
CNBC, but it wouldn't be heartbroken if Qwest simply
had to build its own.

"If these (assets) were attractive and priced right, these
would be something we would look at," Nacchio said.

As reported, MCI's Internet assets could potentially
come up for sale as part of a deal with U.S. and
European regulators to clear the merger of MCI and
WorldCom Inc. (WCOM).

Nacchio said he has spoken with officials at WorldCom
about the sale of MCI's Internet operations, but "I'm
sure they've spoken to a lot of other people also," he
hedged.

Still, the chief executive admitted that the assets could be
"very synergistic" with Qwest's existing operations, and
that acquisition is a viable way for the company to
expand its Internet business.
-Justin A. Oppelaar; 201-938-5175