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March 11, 1997updated 05 Sep 2016 12:36pm

EUROPE READY TO APPROVE BT-MCI MERGER

By CBR Staff Writer

The European Commission is ready to clear the acquisition by British Telecommunications Plc of MCI Communications Corp if the companies confirm proposed remedies to competition problems, European Competition Commissioner Karel Van Miert said yesterday. If they confirm suggestions they have already made, I will be in a position to approve the merger, Van Miert told a conference at the University of Leuven.

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