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To: Anthony Wong who wrote (3067)	7/29/1998 5:00:00 PM
From: ANANT	Read Replies (1) \| Respond to of 11568

mcic wins Embretal. this is very good news indeed. It also appears TEF consortium won 3 fixed wire-line cos and also some cellular cos. i also recall that TEF has some close relationship with mci/wcom. do u expect mci/wcom might consider acquisition of TEF? this is only my own conjecture without any basis. Is it a ridiculous thought? anybody have comments? kind rgds ANANT

To: Anthony Wong who wrote (3067)	7/30/1998 12:47:00 AM
From: ANANT	Read Replies (2) \| Respond to of 11568

AW and all: New Wave of Telecom Mergers Creates Challenge for Regulators interactive.wsj.com Excerpts: But given their actions on previous mergers, it's unlikely that policy makers will do much to block today's pending mergers outright. They may, however, require companies to divest some assets or agree to conditions designed to spur competition, as was imposed on the merger between MCI Communications Corp. and WorldCom Inc. earlier this month. ---------------------------------------------- The FCC has wider legal latitude to block mergers. The politically appointed, five-member panel must find that a merger serves the "public interest." While the agency hasn't blocked a significant merger, under former Chairman Reed Hundt it forced Bell Atlantic to accept market-opening conditions when the company acquired Nynex Corp. last year. Since he became FCC chairman, Mr. Kennard has hinted that he won't be a pushover. But Mr. Kennard, a Democrat, has just one voice among five. Paul Misener, an aide to Commissioner Harold Furchtgott-Roth, a Republican, said the FCC's review is "redundant" once the Justice Department has allowed a merger. ---------------------------------------------