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To: Ray Burke who wrote (36097)	7/14/1998 9:24:00 AM
From: Mark Jenkins	Respond to of 41046

Of interest: Tuesday's top stories: MCI to sell Net businesses to C&W Compiled by CBS MarketWatch Last Update: 07:42 AM July 14, 1998 NEW YORK (CBS.MW) -- MCI Communications (MCIC) has reached an agreement to sell its Internet backbone and service businesses to Cable & Wireless plc (CWP) for about $2 billion, The Washington Post and The New York Times reported Tuesday. The deal, which could be announced any day, would pave the way for U.S. antitrust approval of WorldCom's (WCOM) $37 billion acquisition of MCI. The European Commission had demanded that MCI divest its Internet holdings because the combined companies would control far more than 50 percent of worldwide Internet traffic. (The New York Times) / (The Washington Post)