September 2nd, 2002
Just when we thought that the telecom industry was calming down after two years of economic depression, bankruptcies and criminal investigations, a new storm is brewing. What is capturing many executives´ attention now is the industry structure post WorldCom bankruptcy. In short, when WorldCom emerges from bankruptcy as planned in March of 2003, what will it look like, what is its debt and what does it all mean to the telecom industry? Beyond the fact that WorldCom will not be lead by John Sidgemore, there is little information to extrapolate the structure WorldCom will have in March of ?¬¢‚Äö√á¬®√Ä√∫03. There has been no discussion of a WorldCom break-up. If Global Crossing is any indication, WorldCom will emerge from bankruptcy pretty much intact, offering its wide suite of telecom services including Internet access, data networking, hosting, voice services, etc. So what´s the problem?
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