Who's Afraid Of At&T?Bart Ziegler
For years, the world's big telephone companies have been trying to build up business outside their secure home markets. But most of the efforts have been cautious, if not timid. Everyone, it seemed, was waiting for the other company to make the first major move. Then, suddenly, it was done: On June 2, British Telecommunications PLC agreed to pay $4.3 billion for a 20% stake in MCI Communications Corp. Now, the race is on among telecom companies to do similar deals. The goal: to become one mf the giants that conquer the global telecom market.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Latest on the Political Turmoil in Zimbabwe
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Norway Oil Bosses Insist End Isn't Nigh After $35 Billion Shock
- Bitcoin Soars Past $8,000 as Technology Shift Concern Vanishes
- Subways May Be the Latest Casualty of China's Crackdown on Debt