Vodafone may get snared in bid to buy bankrupt Worldcom

A new report from Forrester Research today points the finger at Vodafone as a possible partner in a bid to acquire Worldcom, the US telecoms firm bankrupted by false accounting. The report says that the US telecoms industry regulator, the Federal Communications Commission, is prepared to waive competition rules in order to secure telecoms services for the up to 20 million Worldcom customers who may have their lines cut off by receivers looking to sell off the firm's assets. Instead, the FCC is thought to favour a merger with either SBC or Verizon, two of the group of so-called...