Report: Verizon, WorldCom, IDT circle bankrupt Teligent

Telecommunications giants Verizon Communications and WorldCom, as well as long-distance carrier IDT Corp., could be interested in bidding for remains of Teligent Inc., a now-bankrupt provider of fixed wireless local voice and high-speed data services, according to an article in Friday's The Wall Street Journal.

Officials at Verizon and WorldCom both declined to comment on "rumor and speculation." An official at IDT, which in April purchased a 37 percent stake in Teligent, did not immediately return calls seeking comment. An official confirmed that IDT has placed a bid on Teligent assets, according to the article, but would not elaborate further.

Teligent, of Vienna, Virginia, filed for Chapter 11 bankruptcy protection in May, not long after its founder Alex Mandl stepped down. The company based its services on fixed wireless technology, which relies on rooftop antennas to transmit voice and data traffic.

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