Amazing how long it takes for these things to sink in, isn’t it? It was way back in June that we were raising an eyebrow at the $1 fall in Sprint Corp’s share price to $31.25 on the proposed British Telecommunications Plc investment in MCI Communications Corp (CI No 2,183): our case was that with MCI engaged to be married and AT&T Co too big for any third party to be other than a very junior partner, Sprint was the only game left in town in the US long distance business, and at last, the penny seems to be dropping – Sprint shares are now up at $37.75, and the Wall Street Journal hears that analysts are now looking for Sprint to do a deal – or more than one – of its own in the international arena; a little surprisingly, the name being put into the frame is the Dutch-Swedish-Swiss Unisource BV venture – do its three parents have enough spare cash to provide Sprint with the resources it needs to get into the new technologies in a big way?
