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The Dallas Morning News Knight Ridder/Tribune Business News
Feb. 15--After several years of deliberate and painstaking restructuring, telecom companies are creating corporate empires with renewed zeal.
Verizon Communications Inc. said Monday it would pay $6.75 billion in stock and cash for MCI Inc. It is the latest in a string of deals that would leave four companies -- SBC Communications Inc., Verizon, BellSouth Corp. and Sprint Corp. -- as the undisputed giants of the industry.
It's a logical outcome that some experts say will usher in a new era of stability for the bruised and battered industry. But critics contend that the high-degree of consolidation will mean consumers will pay more and the industry will innovate at a far slower pace.
Here's how the four giants would stack up:
Verizon would be the biggest with revenue approaching $90 billion.
SBC, which is buying AT&T Corp., would be a close second in size and scope.
Sprint Corp., which has agreed to acquire Nextel Communications Inc., will be a solid No. 3, especially in …