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(1) AT&T will not re-enter the wireless arena. The pending merger will put the kibosh on the pending deal to lease wireless capacity from Sprint.
(2) MCI can not survive as an independent company. It will be bought by either Verizon (in a bid to regain its number one slot from SBC, which will be number one after combining with AT&T) or BellSouth (in a bid to join the big boys SBC and Verizon).
(3) If BellSouth is not the one to merge with MCI, it will be in trouble itself in the new telecom landscape.
(4) Sprint will be in trouble too, no matter what else happens. Maybe it can merge with whoever doesn't get MCI.
Some links with additional analysis and predictions (with more detailed explanations of the reasoning):
http://www.business2.com/b2/web/articles/0,17863,1022825,00.html
http://www.internetnews.com/xSP/article.php/3466691
http://www.itworld.com/Tech/2428/050131sbcattdeal/
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