Summary:

New York Times :: Telecom Wreck Provides an Opening for AT&T :: WorldCom, Global Crossing and the Williams Communications Group, along with a half-dozen other providers of telecom services to business, are all in Chapter 11 bankruptcy proceedings. Many of them are also shedding customers and […]

New York Times :: Telecom Wreck Provides an Opening for AT&T :: WorldCom, Global Crossing and the Williams Communications Group, along with a half-dozen other providers of telecom services to business, are all in Chapter 11 bankruptcy proceedings. Many of them are also shedding customers and employees. Meanwhile, dozens of local phone companies that had hoped, along with AT&T, to offer residential service have gone out of business. The thinning of competition, along with the potential to whisk away customers from its suffering rivals, should allow AT&T to survive its own dubious investment of more than $100 billion to acquire cable assets.

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