WORLDCOM BIDS $40 MILLION FOR BANKRUPT RHYTHMS' ASSETS.(Business) From: Rocky Mountain News (Denver, CO) | Date: September 25, 2001| Author: | COPYRIGHT 2001 Rocky Mountain News. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright information

Byline: Jeff Smith News Staff Writer

WorldCom has bid $40 million for most assets of bankrupt Rhythms NetConnections, the Arapahoe County-based high-speed Internet access provider.

The bid, which will be considered by the U.S. Bankruptcy Court in New York today, was noted in a seven-page Federal Communications Commission order Monday that gives Rhythms permission to shut down its operations.

Frank Paganelli of Rhythms' legal department said Monday afternoon that WorldCom is interested in acquiring assets in 31 markets.

``We are going to keep operations going ...

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