To attract Wall St. cash, area telecoms strutting their stuff.

Crain's Chicago Business, January, 1998 by Cahill, Joseph B.

In a big capital play, firms seek $500-mil. backup Four fledgling telecommunications companies from the Chicago area will take the stage on Wall Street this month in make-or-break bids for capital. USN Communications Inc., Focal Communications Corp., 21st Century Cable TV Inc. and Allegiance Telecom Inc.

hope to raise up to a half-billion dollars all told to expand their networks, add start and enter new markets. They need to grab expansion capital fast, while investors are still infatuated with telecommunications upstarts. "It's a raging market," says Larry O'Connell, a vice-president with American Express Financial Advisors in Minneapolis, a mutual fund company with stakes in several competitive local exchange carriers (CLECs) - companies that compete with...

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