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`Who'll Be The First Global Phone Company?' (Cover Story, Mar. 27) (Int'l Edition)

Business Week International CORRECTIONS & CLARIFICATIONS

`Who'll be the first global phone company?' (Cover Story, Mar. 27) (int'l edition)

"Who'll be the first global phone company?" (Cover Story, Mar. 27) incorrectly stated several ownership positions. The equity ownership of the WorldPartners alliance is made up of AT&T (40%), KDD (24%), Unisource (20%), and Singapore Telecom (16%). AT&T plans to take a 40% stake in a joint venture called Uniworld, of which Unisource will own 60%. And Telefnica of Spain is not yet a shareholder of the Unisource alliance--European regulatory approvals are still pending.

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