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July 3, 2002 6:10 AM PDT

$5 billion offered for WorldCom units

IDT, a company known for scooping up distressed telecommunications assets on the cheap, is setting its sights on WorldCom's long-distance and local telephone units.

The story "$5 billion offered for WorldCom units" published July 3, 2002 at 6:10 AM is no longer available on CNET News.

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