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Technology Stocks : Lucent Technologies (LU)

LU 2.570

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To: Chuzzlewit who wrote (11859)	12/22/1999 2:56:00 PM
From: Kenneth E. Phillipps	Read Replies (2) of 21876

Will Bell Atlantic be purchasing a lot of long distance switches? Who will supply the long distance switches? Bell Atlantic Eyes 1 Mln New Customers Dec 22 1:18pm ET WASHINGTON (Reuters) - Bell Atlantic Corp. (BEL.N) said it would move quickly to garner long distance phone service customers starting on Jan. 5, after federal regulators on Wednesday approved the company's bid to offer long distance service in New York. Ivan Seidenberg, chief executive officer of the No. 2 local phone carrier, said his company aimed to have one million New York customers in 2000 and capture 25 percent or more of the $7 billion New York long distance market in a few years. Bell Atlantic's offerings mark the company's return to the long distance market that it was barred from after the 1984 break-up of the old AT&T monopoly telephone system. ``It's not that hard to get back on this bike and ride it,' Seidenberg said during a telephone press conference. Bell Atlantic President James Cullen said his company would seek permission from the Federal Communications Commission in the second half of 2000 to extend its long distance service to customers in New Jersey, Massachusetts and Pennsylvania. The carrier's first push in New York will be to sign-up consumers with either an inexpensive per-minute rate plan or a plan bundling local and long distance service together, Cullen said. The company's attack to gain customers in the business market will likely start 45 days later in mid-February, Cullen said.

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