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March 1, 2000

1 Min Read
PHONE+ Goes Prepaid

Posted: 03/2000

Overheard …

… at a January luncheon
at the National Press Club in Washington …

"My lawyers tell me that the most important question that regulators have to
ask when reviewing our merger [with Sprint Corp.] or any merger is whether the merged
company can raise and sustain a 5 percent price increase in any relevant market. As to the
‘New WorldCom,’ the answer is ‘No.’ There are two reasons I can make this unequivocal
statement: There is too much competition and too much capacity."
Bernard J. Ebbers, President and CEO, MCI WorldCom Inc. (<ahref="http://www.wcom.com">www.wcom.com)

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