|
|
NEWS
RECALLS
COMPLAINT FORM
SCAM ALERTS
RESOURCES
Small Claims Guide Class Actions Lemon Laws FAQ Newsletters |
Share |
| Automotive Education Employment Electronics Family Finance Health Homeowners Insurance Pets Shopping Travel |
|
|
|
![]() |
FCC Approves AT&T, MCI Mergers |
|||||||||||||
|
November 1, 2005
Consumer advocates said the conditions don’t go far enough. The Consumer Federation of America has called the deals “harmful to consumers.” SBC, which is renaming itself with the better-known AT&T brand, hailed the FCC action, saying it marks a "major milestone." With the action, the FCC joins 33 states and the District of Columbia in clearing the merger. Reviews are still pending in Arizona, California and Ohio. The Verizon-MCI deal also faces review in a handful of states, but the company said the FCC approval adds momentum for clearing the deal. Executives for both MCI and Verizon said they believe they can close by the middle of February. "After two federal reviews and strong approvals by shareholders and the international community, it is clear that this combination is undeniably in the public interest," said Tom Tauke, Verizon executive vice president of public affairs, policy and communications. "The Department of Justice and FCC approvals put us on firm footing as we seek the remaining few state approvals." To win approval the companies pledged not to hinder Internet access to consumers or the free flow of Internet traffic on their networks. They also promised to allow customers access to rivals' Web sites and competing offerings like Internet phone service. The federal regulators required that SBC and Verizon freeze the wholesale prices they charge competitors to lease certain high-capacity business lines for at least 30 months. With the acquisition of AT&T, SBC Communications is now valued at $16 billion; Verizon and MCI are worth about half that. Report Your Experience
|
|||||||||||||
Back to the top | |
||||||||||||||
Advertisement
|
|
Custom Search
|
||||
|
AUTOMOTIVE Dealers Manufacturers Service Extended Warranties Lemon Laws Recalls Tires Transporters FAMILY Aging Children, Parenting Recalls Dating Education Entertainment Pets Weddings |
FINANCE Annuities Banks Credit Cards Debt Collection Debt Counseling Insurance Investing Loans Mortgages Payday Loans Student Loans Tax Prep HEALTH Doctors Drugs, Pharmacies Health Clubs Hearing Care Hospitals Nursing Homes Nutrition, Diets Vision Care Weight Loss |
HOUSE & HOME Appliances Cookware Furniture Home Improvements Lawn & Garden Movers Pools & Spas Realtors, Rental Agents Recalls Utilities ELECTRONICS Cable TV/DBS Cameras Cell Phones Computers Home Electronics Internet Access Local Phone Service Long Distance VoIP |
SHOPPING In-Home Online Retail Stores Sporting Goods Supermarkets Telemarketers TRAVEL Airlines Bus Lines Car Rental Cruises Hotels Travel Agents Trains RESOURCES Class Actions Complaint Form Small Claims Guide Lemon Laws |
CONSUMER NEWS Latest News Automotive Telecom Financial Health Homeowners Scams Seniors Travel More ... RECALLS Automotive Children's Products Drugs Food Household Products Sporting Goods ABOUT US FAQ Privacy Policy Advertise With Us Newsroom Syndication Terms of Use |
Terms of Use Your use of this site constitutes acceptance of the Terms of Use
Copyright © 2003-2009 ConsumerAffairs.com Inc. All Rights Reserved. The contents of this site may not be republished, reprinted, rewritten or recirculated without written permission. |
|