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To: Uncle Frank who wrote ()	12/11/1999 2:29:00 AM
From: Daiju Kohno	Read Replies (1) of 54805

Just posted this on Q thread: FCC Memo Opposes MCI-Sprint Union. Saturday December 11 12:28 AM ET WASHINGTON (Reuters) - An internal U.S. Federal Communications Commission memorandum described the proposed $115 billion merger of MCI WorldCom Inc.(NasdaqNM:WCOM - news) and Sprint Corp. (NYSE:FON - news) as an ``intolerable' blow to competition, The Washington Post reported Saturday. The two telecommunications carriers last month began their uphill struggle to convince the FCC to approve the merger, saying it would allow the companies to offer new services and save billions of dollars by eliminating redundancies. The companies filed their application with the agency on Nov. 17, and it can take as much time as it needs to complete its review. Antitrust and regulatory experts say the companies face a tough battle at the communications commission and the Department of Justice, since the deal would leave the long-distance market with two huge players -- WorldCom and AT&T Corp. (NYSE:T - news) -- controlling over 80 percent of the market. Agency Chairman William Kennard has said that the proposed merger appears to represent a ``surrender' from the beneficial competition in long distance that has driven down rates. The Oct. 21 memo was written by Tom Krattenmaker, the research director of the agency's office of plans and policy, the Post reported. Krattenmaker has led the assessment of a host of enormous mergers and formerly worked in the antitrust division of the Justice Department. The memo was written weeks before the merger application was filed by the two companies and begins with a disclaimer in which Krattenmaker says he knows very little about the merger. But Krattenmaker highlighted as potential problems the ownership by both companies of substantial backbones, or Internet networks that carry computer data, as well as the fact that they are the nation's second- and third-largest long-distance providers. ``This will raise the most troublesome issue,' Krattenmaker said in his memo to Kennard. ``Any further consolidation among the major (long-distance) providers would be intolerable, especially in its impact on residential subscribers.' A spokeswoman for the Federal Communications Commission was not immediately available for comment on the Post report. The paper quoted agency Chief of Staff Kathryn Brown as saying that Krattenmaker's memo represented ``a very preliminary assessment by one of our staff members' and did not amount to a decision by the commission.

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