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Strategies & Market Trends : Sonki's Links List

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To: ANANT who wrote (244)9/5/1998 7:00:00 AM
From: ANANT   of 395
 
Court Bars Bells From Offering Long Distance -- NY Times

nytimes.com

Excerpts:
In a split decision, a panel of the United States Court of Appeals for the Fifth Circuit restored the cornerstone of the Telecommunications Act of 1996. That provision requires the Bells to convince Federal regulators that they have opened their local networks to potential competitors before they are allowed into the long-distance market.

No Bell has yet passed that test.

Friday's ruling, issued after major financial markets closed, handed an important victory to the big long-distance carriers in their regulatory struggle against the Bells. The Bells, which dominate the $100 billion local telephone business, are trying to get into the long-distance market while the existing long-distance carriers, including the AT&T Corporation, are trying to keep the Bells out.
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