A Feast For Small Fry Or Dessert For The Big Guys?

As an investment banker, former Atlanta Mayor Maynard Jackson knows a good deal when he sees one. So when Congress last year O.K.'d the auction of licenses for a new wireless telephone service--with special breaks for minorities and some other bidders--Jackson decided to try his hand at telecommunications. "We're very excited about the potential," says Jackson, who plans to bid through a newly formed company, Jackmont Entermedia Inc.

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