Regulators Approve SBC Purchase of AT&T
An AP newswire article, via SFGate.com, reports that:
New Jersey regulators on Wednesday approved the acquisition of AT&T Corp. by SBC Communications Inc. after securing a pledge from SBC that it would keep several AT&T facilities in the state.
The New Jersey Board of Public Utilities also said it approved the merger after "a comprehensive analysis determined there would be a positive impact on competition, customer rates, service reliability and that there would be a better environment for job retention."
SBC agreed to keep AT&T's Network Operations Center and other facilities in New Jersey, the BPU said. Many of the AT&T facilities are at or near its headquarters in Bedminster.
The merger with San Antonio-based SBC met all statutory requirements, the BPU said.
posted by Fergie @ 8/17/2005 04:17:00 PM
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