FCC OKs SBC-AT&T, Verizon-MCI mergers
An AP newswire article, via MSNBC, reports that:
Government regulators on Monday approved SBC Communications’ takeover of AT&T and Verizon Communications’ purchase of MCI, removing the final federal hurdle for the multibillion-dollar deals.
By 4-0 votes, the Federal Communications Commission said yes to the mergers but added several conditions. Among them, it required that SBC and Verizon freeze the wholesale prices they charge competitors to lease high-capacity business lines and to guarantee that they will sell their Internet access as a stand-alone service so customers aren’t forced to buy local phone service as well.
Several state regulatory agencies still must sign off on the deals.
posted by Fergie @ 10/31/2005 10:29:00 AM
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