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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Jules Shear who wrote (6381)	1/9/1999 7:05:00 AM
From: Sosmartinov	Respond to of 90042

Agreed.

To: Jules Shear who wrote (6381)	1/10/1999 5:08:00 PM
From: Jules Shear	Read Replies (1) \| Respond to of 90042

Bad news for OMPT?? This thread has speculated that BT is one of the likely suitors for OMPT. If BT cannot own ATI's domestic assets, how could it own OMPT's due to non-compete with AT&T? This is clearly a problem. Also, legal rules (FCC Spectrum cap) prevent deal with BEL. Anyone (i.e., Tim) have insights on "mid 20's" rumor. I am not optimistic for short-term OMPT benefit if rumored suitors are preoccupied with legal rules and bidding for ATI. I still think Mannesmann, Bell South, SBC, or Vodafone (if it sells ATI domestic assets to BEL) are likely purchasers of OMPT. But this will take time. I would be surprised to see big jump early next week but I have been wrong before. British Telecom Seeks U.S. Partner for AirTouch Bid, Paper Says Bloomberg News January 9, 1999, 11:51 p.m. PT London, Jan. 10 (Bloomberg) -- British Telecommunication Plc, the U.K.'s biggest phone company, is looking for a U.S. partner to join a 36 billion pound ($59 billion) bid for AirTouch Communications Inc., the largest U.S. wireless phone company, the Sunday Times reported, citing an unnamed Wall Street investment bank. BT is excluded from competing with AT&T Corp. in its home market because of their joint venture agreement, and could not join AT&T in a bid for AirTouch as regulators are unlikely to clear the acquisition. BT may have approached Bell Atlantic Corp., the largest U.S. local phone company, and could consider BellSouth Corp., the No. 4 U.S. local phone company, and Southwestern Bell Telephone Co. as partners, the newspaper said. Vodafone Plc, the U.K.'s No.1 mobile phone company, has bid about $90 a share for AirTouch and Bell Atlantic has bid $43 billion, people familiar with the companies said, while MCI WorldCom Inc., the No.2 U.S. long-distance phone company, on Friday decided against making a bid for AirTouch. (Sunday Times 1/10 www.the-times.co.uk)