Lci: For Whom The Bells May TrollMark Lewyn
With less than a 1% share of the $70 billion long-distance business, lci International Inc. is not costing the Big Three carriers much sleep. But maybe they should pay closer attention. lci is prime takeover bait for the Baby Bells, which will be free to enter the long-distance business if Congress passes telecommunications-reform legislation this fall. The Baby Bells "are certainly possible acquirers," says analyst Bruce J. Roberts of Ladenburg, Thalmann & Co. And lci is an attractive target. The No.6 carrier's revenues are expected to soar 34%, to $622 million, in 1995.
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