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Mr. Smits of KPN is not the first top telecommunications executive whose job has been claimed in the industrywide debacle.
After the collapse of the Soviet Union, he launched what would later become Beeline, one of Russia's top telecommunications and mobile-phone companies.
China's top telecommunications regulator, who has been viewed as delaying market reforms, is to step down from a leading post, an official newspaper reported.
"This is only the starting point," said Blair Levin, a former top telecommunications official in the Clinton administration who is now a regulatory analyst at Legg Mason.
But Jack Grubman, the firm's top telecommunications stock analyst, reiterated his optimism on WorldCom, brushing off an inquiry by securities regulators as not significant.
"They are one of the top telecommunications companies," said Thomas J. Tauke, Verizon's senior vice president for public policy and external affairs.
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Built in 1966, the building has become one of the world's top three telecommunications centers and is widely regarded in the industry as the single most important telecommunications hub in the Western U.S. Billions of phone calls, emails and Internet pages pass through One Wilshire every week because it is the primary terminus for major fiber-optic cable routes between Asia and North America.
Internet activists scored a landmark victory on Thursday as the top US telecommunications regulator approved a plan to govern broadband internet like a public utility.
The issue has gained prominence after the prime minister of Romania twice in three years dismissed the country's top national telecommunications regulator.
Sir Christopher, one of the few top European telecommunications executives to survive the industry's collapse after its recent boom, will be replaced by Arun Sarin, 48, an Indian-born American citizen who ran Vodafone's United States and Asia Pacific operations until a couple of years ago.
Through that it has become something of an enabling layer on top of telecommunications, allowing for innovation in the field.
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