THE DAILY DEAL OFFERS A ROUNDUP ON FINANCING FUELING GROWTH AND CONSOLIDATION IN THE TELECOM INDUSTRY

October 4, 2000--New York, N.Y.--Over the past 12 months, the telecom industry has seen a wave of unprecedented merger and venture funding activity in the U.S. and Europe, totaling $293 billion and $2.5 billion respectively. The financing fueling the industry's consolidation and colossal growth over the past year is the focus of a special report featured in today's The Daily Deal.

The Daily Deal's supplement presents a broad view of the consolidation and trends shaping the telecom deal landscape, complete with three close-up features and an industry overview. It also carries The Daily Deal's signature charts, ranking telecom's largest M&A deals, most acquisitive companies, leading deal advisors, as well as the companies securing the most private equity and venture capital funding.

In a first of three articles, senior writer Leon Lazaroff examines how a major player will survive the fast-changing future in "What's Next for Sprint." Since Sprint's failed merger with WorldCom that would have amassed a 48,000 mile fiber-optic network, the company has sought to recover investor confidence and deflect rumors painting them as an acquisition target.

A profile of venture capitalist Catherine Lego, the sole managing partner of The Photonics Fund, an independent $25 million capital pool based in Woodside, California, presents another extreme in the telecom deal world. The Daily Deal's senior writer Katherine Goncharoff describes how Lego has carved out a niche by zeroing in on connectivity technology, a complex and fast-moving field within telecommunications.

The third article tells the tale of two prominent European investment bankers who have battled each other in four of the biggest telecom deals on the Continent. The Deal's London-based reporter Brian Catell reveals this story of the friendly, high-stakes rivalry between Paulo Pereira of Morgan Stanley Dean Witter & Co.'s London-based telecom team and Scott Mead of Goldman Sachs International. In 1999 and 2000, the pair have sat on opposite sides of the bargaining table in the Mannesmann/Vodafone, France Telecom/Orange plc, Vodafone/Airtouch and Mannesmann/Orange.

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About The Deal LLC
The Deal, LLC is the leading media company charting the deal economy for dealmakers worldwide. The company provides original news reporting, financial data and commentary on a full spectrum of global transactions and the personalities and politics of dealmakers behind the deals. Through The Daily Deal and TheDeal.com, as well as e-newsletters, newsletters and special reports, The Deal, LLC addresses the information needs of the deal community composed of corporate executives, entrepreneurs, institutional investors, financial intermediaries and advisers. Investors in The Deal, LLC, a privately held company, include majority owner U.S. Equity Partners, a private investment fund sponsored by Wasserstein & Co., LP, and Rustic Canyon Ventures, one of the largest venture capital funds in Southern California.