Tuesday, September 20, 2005
U.S. Is Close to Approving Deals Altering the Telephone Industry
WSJ.com - U.S. Is Close to Approving Deals Altering the Telephone Industry: "Federal regulators are nearing approval of two deals that would reshape the telephone industry and are in negotiations over likely divestitures and other conditions intended to preserve competition, especially in the huge market for corporate customers.
Federal Communications Commission Chairman Kevin Martin is pressing the FCC staff to deliver as early as tomorrow recommendations to approve Verizon Communications Inc.'s $8.5 billion purchase of MCI Inc. and SBC Communications Inc.'s $16 billion takeover of AT&T Corp., people familiar with the situation say. FCC votes on the deals could come as early as the agency's Oct. 12 meeting."
Federal Communications Commission Chairman Kevin Martin is pressing the FCC staff to deliver as early as tomorrow recommendations to approve Verizon Communications Inc.'s $8.5 billion purchase of MCI Inc. and SBC Communications Inc.'s $16 billion takeover of AT&T Corp., people familiar with the situation say. FCC votes on the deals could come as early as the agency's Oct. 12 meeting."
