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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 79.24+1.6%3:59 PM EST
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To: JRH who wrote (1250)5/15/1998 9:56:00 AM
From: Brian Malloy   of 6846
 
From what I read, Qwest is taking the positon that this is a competitive issue and that the TELECOM act doesn't prevent any company from going through QWEST or a similar type carrier in providing this type of service. That is the loop hole. Of course ATT and MCI don't see it that way.

US West has defended its alliance by essentially arguing it is not really "providing" long distance service because it's not operating the facilities but is merely marketing another's service.

"Qwest and U S WEST have come together to provide value and choice for customers," said Joseph P. Nacchio, president and CEO of Qwest Communications. "It's sad, but not surprising, that the major carriers are acting in lockstep to block the intent of the Telecom Act to stimulate competition. AT&T and MCI's average revenue per minute is 40% higher than the Qwest long distance offer. The facts speak volumes."

Addressing legal issues raised by the lawsuit, Lloyd Cutler, senior partner at the prestigious Washington D.C. law firm of Wilmer, Cutler & Pickering, and former White House counsel for Presidents Jimmy Carter and Bill Clinton, states, "Buyer's Advantage complies with all applicable laws, is pro-competitive and is good for consumers."

Regards,
Brian
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