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Business News.(A)(Business News)

Investor's Business Daily

| October 02, 2000 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Telecom

SBC, BellSouth venture approved,

might spend $6 billion on airwaves

The Federal Communications Commission approved the two phone companies' plan tocreate the No. 2 wireless carrier in the U.S. But they must sell operations inLos Angeles, New Orleans, Indianapolis and Baton Rouge, La. Stephen Carter, the incoming CEO, said it might bid up to $6 billion at spectrum auctions in December and March. The venture owns licenses covering 74% of

the U.S.

Nippon Telegraph & Telephone plans to offer 300,000 new shares worth $2.97 billion. The funds would help pay for its $5.5 billion takeover of Internet service provider Verio. …

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