|FCC Agrees to Adjusted Merger Conditions AT&T & BellSouth|
|Reuters News Wire (firstname.lastname@example.org)|
Tue, 27 Mar 2007 19:36:46 -0500
US FCC agrees to changed AT&T/BellSouth condition |
Releasing its approval of AT&T Inc.'s BellSouth acquisition, the
AT&T is required to offer a reduced rate to other phone companies that
AT&T had previously agreed to cut the rate on the condition that
Since then, AT&T offered to modify the condition, even though it
As part of the order, the FCC said AT&T will only have to offer the
"In order to resolve any lingering controversy over this issue, AT&T
Stifel Nicolaus analysts noted the order "is modest good news for
"AT&T says it will lose a bit more revenue, though it will save some
Verizon said the FCC "acted wisely."
"The original formulation discriminated against some carriers and was
The FCC approved AT&T's purchase of BellSouth in December.
In 1984, the original AT&T, or "Ma Bell," was split into regional
Copyright 2007 Reuters Limited.
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