In a move to expand its services arm, AT&T yesterday signed a deal to buy IBM's Global Network unit for $5 billion in cash. Yet the long distance spinoff of old Ma Bell is still looking over its shoulder, as rival MCI WorldCom gains in size and strength. What's a telco to do in these competitive days? AT&T's answer seems clear: Buy more.
IBM's albatross, AT&T's treasure
news analysis Big Blue chief Lou Gerstner probably heaved a sigh of relief when AT&T said it would buy the company's global network in a multibillion deal.
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