Could This Be The Deal That Breaks Telecom's Chains?

Sprint Corp. Chief Executive William T. Esrey was exuberant. Not only did he beat AT&T at finding heavyweight partners in Europe to help tackle global markets but he also won an alliance with the very two companies AT&T had wooed for months. Using the teleconferencing service he hopes to sell worldwide, Esrey beamed his own image to Europe on June 14 to announce that France Telecom and Deutsche Bundespost Telekom would pay $4.2 billion for a 20% stake in Sprint.

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