The Salina Journal from Salina, Kansas on November 3, 1996 · Page 10
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The Salina Journal from Salina, Kansas · Page 10

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Salina, Kansas
Issue Date:
Sunday, November 3, 1996
Page:
Page 10
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AID SUNDAY, NOVEMBER 3, 1996 NATION THE SALINA JOURNAL T BUSINESS MERGER British Telecom purchases MCI $21 billion merger will likely create a powerful competitor for AT&T By The Associated Press NEW YORK — British Telecommunications has agreed to buy MCI Communications for as much as $21 billion in what will be the biggest foreign purchase ever of a U.S. company. The boards of both companies agreed Saturday on the deal, a cash and stock transaction worth between $36 and $38 a share, said sources speaking on condition of anonymity. A formal announcement of the merger is to be made at news conferences today. A combined British Telecom .and MCI would provide a powerful competitor to AT&T Corp., the world's largest long-distance company. It would have combined revenue of $35 billion and two marquee brand names with operations in more than 70 countries. MCI, the nation's No. 2 long-distance company, would continue to operate under its name and keep a headquarters in Washington. British Telecommunications PLC is based in London. No further details of the combination were available. Word of the mammoth deal, one of the largest mergers ever during T CRIME a year when multibillion dollar mergers have been coming at a frenzied pace, first emerged Friday when MCI disclosed it was talking to the British phone giant. In fact, the two have been in discussions of one sort or another since 1994, when British Telecom bought a 20 percent stake in MCI. The British Telecom purchase is for the remaining 80 percent of MCI's shares. The exact price could not immediately be determined, but sources said it was between $36 and $38 a share. At $38, the deal would be worth $21 billion. At $36 it is about $1 billion less. The merger would by far be the biggest foreign takeover of a U.S. company and mark the end of independence for MCI, a storied business in its own right that in some ways is responsible for the competition that's transformed the U.S. telecommunications industry. It was the persistence of MCI more than 12 years ago that forced the breakup of the AT&T Ma Bell monopoly. An MCI-British Telecommunications marriage also would radically reorder the landscape of phone service providers in the months since Congress enacted a sweeping deregulation that allows long-distance companies to compete with local phone companies and vice versa. Dear 24th District Voter, As a former Mayor, importance of the phras • Only One AN OPEN LETTER Stephen C. Ryan 2313 Melrose Lane Salina, KS 67401 (913) 827-8946 • QMina 1 recognize the , civic volunteer in Salina, —""---„„„,„.,—"' .f US. 81 North to N *,ro kna e Con*-* •» -Ponsible for Senate Only One of the Highway Patrol sr- - — ssss. «. — Jurors wonder if wrong man was convicted By The Associated Press RICHMOND, Va. — Days before Joseph Payne is to be executed for the torching murder of a fellow inmate, at least two jurors are expressing doubts about his guilt. Payne, 40, is scheduled to be executed Thursday for murdering Dunford, 28, a fellow inmate who was doused with paint thinner and set ablaze in 1985. Dunford died nine days later without identifying his killer. Payne was convicted after another inmate, Robert Smith, testified he saw Payne set the fire. In exchange for his testimony, Smith had 15 years shaved off his 40-year sentence for armed robbery. A year after Payne's 1986 trial, Smith recanted his testimony. Juror Shelly Brydie Gray, said she was pressured to return a guilty verdict. "I did not want to convict Joseph Payne," she said, also in an affidavit. "I thought the evidence against him was very weak. ... I have often thought that this mistake would be something I would have to one day settle with God." Juror Robert Stinnett said he had no trouble convicting Payne on the evidence presented at the trial. But in an affidavit, he said statements presented during Payne's appeal were "extremely disturbing because if they are true, we convicted and sentenced the wrong man to death." Sincere*!/, Steve M.AduPaW/or^BenVW 4116 Salina Journal i How IF he taught that dog to-sit? i! he Still messes * <"& around on that gUltcir ; • •he.stiii pkys rugby every weekend? he has time for you to come VISIT i when he's going ro return that CD he borrowed? Syracuse "Garden Cily .Johnson Elkhart Liberal Wichita' Amhony. WinliBld . . . Columbus- Available to Kansas residential cusiomets only. The 1+SAVER Direct 8 " calling plan. For unlimited regional calls to the person you talk to the most. The big city, the band and new girlfriends. They are the details that make relationships a little stronger. And with Southwestern Bell's 1+SAVER Direct calling plan, you can get all the details you want for just $19.95 a month. The 1+SAVER Direct calling plan offers unlimited, regional calling to the person you talk to the most. So you can stay close to that friend or family member who lives within the reach of a one-plus, direct-dialed call. Take a look at the map to see who you could reach. The 1+SAVER Direct calling plan. Yes, it's that simple. when he can oL)clI fc; a weekend lielp build vour deck? to how his new girlfriend is? i 8 0 0 B E L Southwestern Bell

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