| | Business Wire: Fitch: UK Communications Bill To Trigger Industry Consolidation |
 | | While the Bill, which is only in its draft form and likely to take 18 months to become law, came as little surprise, while the extent of the deregulation announced did, being far wider than anticipated. |
 | | "The UK Communications Bill is set to bring about some major changes to a sector that had suffered under a complex regulatory framework and is likely to act as a catalyst for merger and acquisition activity driven by cross-media ownership and consolidation plays," says Stuart Wheeler, Fitch Ratings. |
 | | However, according to the article by Fitch, while the UK market will undoubtedly provide a number of attractive media assets for the major US operators, their participation in any consolidation moves are from certain due to weakened balance sheets and strategic issues at home that require management focus. |
| findarticles.com /cf_dls/m0EIN/2002_June_27/87859945/p1/article.jhtml (439 words) |