becker
Definitively Illumined
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Registered: Dec 2003
Local time: 03:58 PM
Location: In my beautiful condo
Posts: 7454
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FCC OKs multibillion-dollar telecom mergers
Regulators approve SBC taking over AT&T, Verizon purchasing MCI
AP/Updated: 4:02 p.m. ET Oct. 31, 2005
WASHINGTON - Federal regulators approved SBC Communications’ takeover of AT&T and Verizon Communications’ purchase of MCI Monday in a move consumer activists called anticompetitive.
By 4-0 votes, the Federal Communications Commission approved a compromise adding several conditions — but also removing the last regulatory barriers — to the multibillion-dollar mergers.
The agency required that SBC and Verizon freeze the wholesale prices they charge competitors to lease high-capacity business lines and said they had 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.
[...]
SBC expects its merger to close by the end of the year; Verizon expects to close by late this year, or early next year.
After SBC completes its merger, the San Antonio based company plans to change its corporate name to the more recognizable AT&T.
New York-based Verizon will keep its corporate name. |
For the full story:
FCC OKs multi-billion dollar telecom mergers
Ask SWTT....She has known this for a long long time. '
We already have had Giant Oil co. mergers.
Get prepared to be price gouged and perpetually "squeezed"
And don't forget the big Drug co. mergers.
The "little" guy is getting "litteler" and the big guys are getting bigger.
I can see the costs of present energy rising for several years.
Keep your expenses low, pay down any mortgages you have and save your money.
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10-31-2005 09:23 PM
