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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: elk who wrote (35646)	7/8/1998 11:57:00 AM
From: rd greer	Respond to of 41046

This couldn't have anything to do with it, could it? And the proposed Netherland Group's interest in FTEL? ValueLessSpeculation! news.com *********** "WorldCom-MCI wins conditional OK By Sandeep Junnarkar Staff Writer, CNET NEWS.COM July 8, 1998, 8:30 a.m. PT The European Commission, Europe's regulatory governing body, today granted conditional clearance for MCI Communications and WorldCom's proposed $37 billion merger, pending the sale of MCI's Internet business. The decision clears a major hurdle faced by MCI and Worldcom in a bid for an approval of their $37 billion merger, one of the largest in telecommunications. The commission found that the combined telecommunications companies would control too large a share of Europe's Internet connectivity market. "WorldCom is currently the leading player in the market, with MCI one of its main competitors. The merger would have given the commbined entity a market share of some 50 percent of the relevant market," the commission said in a statement today. "The parties have committed to divesting MCI's Internet assets, thus eliminating the overlap with WorldCom's Internet business." ************ rd