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Technology Stocks : Newbridge Networks
NN 12.64+3.2%Nov 14 9:30 AM EST
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To: pat mudge who wrote (12070)6/29/1999 9:42:00 AM
From: zbyslaw owczarczyk  Read Replies (1) of 18016
 
Pat,this is positive for NN:LONDON (CNNfn) - The U.S. Federal Communications
Commission moved closer to allowing SBC's $78 billion
acquisition of Ameritech, according to a report published
Tuesday, although a number of conditions have still to be
met.
One prerequisite could be a requirement for the merged
group to aggressively attack competitors' markets,
according to The Wall Street Journal.
The announcement from the FCC could come Tuesday,
the newspaper reported, citing people familiar with the
situation. Despite the likely conditions, the Journal
indicated the conditions appeared less onerous than
previously reported.
SBC and Ameritech announced their deal more than a
year ago, and the combination would operate around one
third of U.S. phone lines. The FCC wants to impose
conditions to speed up competition in the
telecommunications market, which has been slow to take
off since the passing of the 1996 Telecommunications
Act.
Other requirements from the regulator include a
commitment from the new company not to impose
minimum charges for long-distance calls, and a condition
that the combined SBC-Ameritech would make<i/> a big push
into offering high-speed Internet and data services.
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