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| | BW Online | April 23, 2001 | Telecom Meltdown |
 | | Ultimately, the telecom meltdown could be almost as costly as the $150 billion taxpayer bailout of the savings and loan industry in the late 1980s. |
 | | In Europe, British Telecom (BTY), France Télécom (FTE), Deutsche Telekom (DT), and KPN (KPN) went so far into debt for new wireless licenses that they may need to find merger partners to be able to afford the construction costs of the new networks. |
 | | By the time the Reform Act passed in 1996, MFS had networks in most of the big cities in the U.S., and WorldCom agreed to buy the company for a staggering $14 billion, only slightly less than what SBC had paid for Baby Bell Pacific Telesis Group earlier that year. |
| aol.businessweek.com /magazine/content/01_17/b3729007.htm (3068 words) |
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