This Would Be Powerhouse Is Slow To Power Up

Deutsche Telekom and France Telecom are Europe's two largest phone companies. So when they announced plans last June to buy a 20% stake in Sprint Corp., the No.3 U.S. long-distance carrier, industry observers predicted a $78.1 billion powerhouse-in-the-making that could match AT&T or British Telecommunications PLC. If it ever gets off the ground, that is.

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