EU vs WorldCom

The European Union is blocking the 38$US billion merger/buyout of MCI and WorldCom it was reported. Not only is the EU perturbed about the potentially "too strong" grip over the Net backbone that the merger might make, but the US regulators are looking more closely into the merger, and GTE is raising a ruckus about the merger. GTE was one of the jilted suitors of MCI.