Why Sprint Could Afford To Hang Up On Eds

Sprint Corp. Chairman William T. Esrey certainly knows the value of keeping his options open. On June 7, just a day after the nation's No.3 long-distance phone company admitted that merger talks with Electronic Data Systems Corp. were dead, it revealed that it was close to inking a deal with France Telecom and Deutsche Bundespost Telekom, the German phone company. The goal? To build a worldwide telecommunications giant capable of competing with globe-girding rival AT&T and with MCI Communications Corp., which forged an alliance last year with British Telecommunications.

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