THE MARKETS: Market Place; German Phone Giant Plans Global Phone Strategy
Deutsche Telekom chief executive Ron Sommer, with more than $100 billion to spend, is contemplating buying Sprint Corp now that regulators in US and Europe vow to block Worldcom Inc's purchase of Sprint; few companies fit better than Sprint into Sommer's dream of transforming Deutsche Telekom from big local player to truly global operator; Sprint's nationwide wireless network would complete Telekom's European wireless operations, and its high-speed Internet backbone network would shore up Telekom's ability to deliver high-speed Internet access on both sides of Atlantic; photo (M)