Sprint: The Luckiest Telco
Just how glad must Sprint Corp. (NYSE: FON) be that its proposed $129 billion merger with WorldCom Inc. (Nasdaq: WCOM) was derailed back in July 2000 because of U.S. and European regulatory concerns.
Sure, the worldwide market implosion caused by WorldCom's revelation of nearly $4 billion in accounting errors late last night is hurting the whole sector badly (for the full story see WorldCom Goes Boom on our sister site, Light Reading). But, all the same, how lucky must Sprint be feeling right now?
— Dan Jones, Senior Editor, Unstrung