Tuesday, November 1, 2005

FCC approves telecom unions

<A HREF="http://news.yahoo.com/s/ap/20051031/ap_on_bi_ge/phone_mergers">Federal regulators approved</A> SBC Communications' takeover of AT&T and Verizon Communications' purchase of MCI Monday in a move consumer activists called anti-competitive. 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. The acquisition by SBC Communications of AT&T is valued at $16 billion; the deal with Verizon Communications and MCI is said to be worth about $8.5 billion.

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