PLAYERS

DATE

TRANSACTION

STATUS

SBC Communications Inc., Southern New England Telecommunications Corp.
(SNET)

Jan. 5

Merger agreement valued at $4.4 billion.

Completed as of Oct 15.

ICG Netcom, C3 Communications Inc.

Oct.8

ICG Netcom will purchase 100 percent of C3’s interests in ChoiceCom.

Expected to close in 1999, pending regulatory approvals.

UniDial Communications Inc., Metracom Corp.

April 29

UniDial acquired Metracom in all-stock purchase. Value of agreement was
not disclosed.

Completed as of Oct. 21.

AT&T Corp., Tele-Communications Inc.

June 24

AT&T to buy TCI in an all-stock transaction valued at $48 billion.

Pending approval of FCC, DoJ and EU Commission.

Bell Atlantic, GTE Corp.

July 28

Merger agreement valued at $53 million.

Pending FCC, DoJ and PUC approvals.

Teleglobe Inc., Excel Communications Inc.

June 14

Pooling of interests. 51.5 percent of stock to Teleglobe shareholders.
48.5 percent of stock to Excel shareholders.

Completed as of Nov. 10.

STAR Telecommunications Inc., PT-1 Communications Inc.

June 9

STAR to acquire PT-1. Renegotiated terms on Aug. 21. PT-1 stockholders to
receive 15 million in shares of STAR common stock and $20 million.

Pending stockholder, antitrust and regulatory approval. Expected to close
by fourth quarter 1998.

SBC Communications Inc., Ameritech Corp.

May 11

Merger agreement valued at $62 billion. Filed with DoJ July 20. Received
European Commission approval July 23.

Under review by FCC, DoJ and Illinois and Ohio PUCs.