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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 79.96+0.3%10:15 AM EST
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To: MangoBoy who wrote (1306)5/21/1998 1:54:00 AM
From: Phil Jacobson  Read Replies (3) of 6846
 
Just found this! Feds allow QWST/AIT deal to go forward.

===========================================================

CHICAGO, May 20 (Reuters) - A federal court has denied a
request to temporarily stop Ameritech Corp. <AIT.N> and Qwest
Communications International Inc. <QWST.O> from marketing
long-distance services together.
A ruling issued here on May 18 by U.S. District Court Judge
Blanche Manning says the plaintiffs failed to establish that
the Ameritech/Qwest alliance violated the 1996
Telecommunications Act. The judge, therefore, denied a
requested temporary restraining order.
The Ameritech/Qwest alliance, announced last week,
triggered a lawsuit from AT&T Corp. <T.N>, MCI Communications
Corp. <MCIC.O> and others. Baby Bell Ameritech and
long-distance provider Qwest agreed to market a combined
package of local and long-distance phone services in
Ameritech's five-state region.
The Telecommunications Act bars Bell companies, such as
Ameritech, from competing in the long-distance market until
they have satisfied regulators that they have opened their
local markets to competition.
The ruling, however, does not dismiss the case. Judge
Manning referred the case to Magistrate Judge Ronald Guzman for
a hearing on a preliminary injunction.
Shares of Ameritech were unchanged at 44, and shares of
Qwest were off 3/4 at 38-1/8.

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