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Technology Stocks : FCC Regulations

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To: Francis Gaskins who wrote (27)	5/7/1998 8:33:00 AM
From: Frank A. Coluccio	Read Replies (3) of 54

I suppose it's a game of give and take... Frank C. -------- AT&T Imposing New Fee on Residences May 7, 1998 NEW YORK - The Associated Press via NewsEdge Corporation : AT&T Corp. is imposing a new monthly fee of up to 95 cents on its residential customers, saying it needs to recover the cost of completing long-distance calls to local phone networks. The nation's largest telephone company imposed the 95-cent fee in April for its 45 million customers who subscribe to one of the company's discount calling plans. AT&T has told the Federal Communications Commission it intends to charge its remaining 35 million customers a monthly fee of up to that amount, starting July 1. The company estimates it will spend $1.2 billion this year to pay local phone companies to complete long-distance phone calls made by AT&T customers, a spokesman said today. The local-access fees were instituted early this year as a result of new FCC rules to help local companies defray their costs. The AT&T rate increase begins to reverse a trend began a year ago, when federal regulators promised that deregulating phone rates would bring down long-distance prices. AT&T at the time cut its long-distance rates by up to 15 percent.

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