As MCI prepares to publish disappointing losses today, its top brass are to hold separate meetings with the three bidders for the US telco - BT, GTE and Worldcom. BT's chairman Iain Vallance and chief executive Peter Bonfield flew to Washington DC to spend this morning setting out plans for a three-way alliance with MCI and GTE, before meeting with Worldcom executives in the afternoon. Worldcom has offered BT a 10 per cent stake in Worldcom if its bid goes through.
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