COMMUNICATIONS: Gnat v. Elephant

MCI Communications Corp. seems like the last company likely to worry American Telephone and Telegraph Co.

AT&T, which has $67 billion in assets, is the biggest of all corporate elephants; by comparison, MCI, whose principal asset is a $64 million line of bank credit, is scarcely even a gnat. Yet MCI last week bested Ma Bell in a court test that, in the eyes of A T & T officials, makes it a serious competitor. AT&T Chairman John D. deButts is, in his own words, "marching up and down the land" complaining to business audiences...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!