Geht noch was bei WORLDCOM ??

IDT Corp. To Unveil 'Worldcom Stabilization Plan' Friday

NEW YORK -(Dow Jones)- IDT Corp. (IDT) plans to unveil its "WorldCom stabilization plan," which is designed to help calm fears of WorldCom Inc. ( WCOME) customers, keep them on the WorldCom network and provide them with back- up and alternative service, in case of any shut down of the WorldCom network.
IDT plans a conference call at 12 p.m. EDT Friday to discuss the matter.

In a press release Friday, IDT said it made an offer to acquire WorldCom's MFS and Brooks Fiber units and its MCI consumer and small business long distance units.

While these acquisitions are a strategic business move by IDT Corp., the company also believes that as the potential owner of MCI, the MFS network and Brooks Fiber, IDT wants to insure MCI/WorldCom customers have continued and uninterrupted service.

As reported Tuesday, IDT offered to acquire two units of WorldCom Inc. (WCOME) for a combined $5 billion.

IDT said it plans to continue negotiations with WorldCom.

New York Stock Exchange-listed shares of IDT closed Wednesday at $16.50, up 8 cents, or 0.5%.




 -Sam Favate; Dow Jones Newswires; 201-938-5400
 (This story was originally published by Dow Jones Newswires)
 Copyright (c) 2002 Dow Jones & Company, Inc.
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