Re: FCC / US West+Global Crossing / Bell South+Qwest
Thread,
I linked this post to the US West+Global Crossing deal from May 16th. It appears FCC is shooting down that deal. And I'm sure Bell South+Qwest will be next.
It's not relavant which LD company pairs with what ILEC. As we suspected it's a no go anyway. Seemed so obvious to us Last Mile investors, but check out my linked posted above. Remember how the media made such a big deal out of something we figured wouldn't happen. But it appears the main stream press may have learned, because I can't even find a major headline today on Bell Atlantic's move on Qwest. And just think, the US West+Global Crossing made the NBC, CBS, and ABC National television news a month ago.
But sooner, or later, the FCC WILL ALLOW this type of deal, and it's going to spread like wildfire.
MikeM(From Florida)
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Court Sides with FCC-- Bars Qwest, Bell Deal
WASHINGTON, June 8 — A U.S. Appeals Court Tuesday agreed that a 1996 law barred regional Bell companies like Ameritech Corp. and US West from selling long distance service from Qwest Communications International Inc. The ruling, upholding a decision by the Federal Communications Commission, was a victory for AT&T Corp. and other carriers who argued that marketing agreements Qwest made with Ameritech and US West last year were illegal since the Baby Bells themselves are barred from providing long distance.
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BellSouth May Buy Qwest
NEW YORK -- BellSouth Corp. is considering acquiring Qwest Communications International Inc. in a move to enter the long-distance telephone market.
BellSouth, the Atlanta-based regional phone company, recently purchased a 10 percent stake in Qwest, the fourth-largest long-distance company.
BellSouth ''has considered and continues to explore'' various alternatives, including ''transactions which may result in the acquisition of a control position in or combination with'' Qwest, according to documents dated May 27 and filed with the Securities and Exchange Commission..Blah, blah, blah..... |
