Worldcom-Sprint Merger In Trouble

Thu., June 22, 2000

From Staff

A proposed $129 billion merger between U.S. telecommunications giants WorldCom Inc. and Sprint Corp. has run afoul of antitrust regulators in Europe, a development that sinks the deal unless the companies make some last-minute concessions.

European regulators complain that the merger would result in one company dominating high-level Internet access around the world.

Neither company would discuss the matter Wednesday.

The regulators must make a decision by July 12.

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Worldcom-Sprint Merger In Trouble

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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