pepperxn
join:2001-02-21
| Re: Only a matter of time Nah, the other way around. There's a higher chance that AT&T will buy Verizon. I don't see either happening really. But AT&T would eye Verizon. Verizon's value is going down, went from $101 bln to about $83 bln. Plus the company is heavily in debt, it's gonna be near $70 bln soon. That's probably one reason they're selling their phone book division for $17 bln. They may even sell some of their assets. Where did you read that Verizon will be changing their name? I read that MCI will be a subsidary of Verizon when the deal is completed in early January. Investors always thought Verizon would buy Vodafone. No way. An $83 bln company buying a $133 bln company, no way. Verizon getting Alltel (low debt, about $5.6 bln I think) is a sure thing, although Alltel would go nice with Qwest (imagine Qwest Wireless). Plus, Qwest services the areas where Alltel is. I think there will be 3 major players left: AT&T, Verizon, and possibly Qwest (unless a couple companies get together like Level 3, etc). |
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