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Microcap & Penny Stocks : IATV - ACTV Interactive Television

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To: Steve Hausser who wrote (3954)1/16/1999 8:14:00 AM
From: Steve Hausser  Read Replies (2) of 4748
 
AT&T TCI Merger May Get Approval Before the End of March
January 15, 1999: Kennard Leans Vs. Unbundling

Washington -- If FCC chairman William Kennard
gets his way, the Federal Communications
Commission will approve AT&T Corp.'s
acquisition of Tele-Communications Inc. without
mandating equal access to the company's
high-speed Internet-access facilities.

An FCC source said Kennard's current view is that
he is "leaning toward" approval without the
unbundling requirement.

"I think that it makes more sense to look at
[unbundling] in the context of the cable industry as
a whole, rather than in the context of the merger,"
an FCC source familiar with Kennard's thinking
said.

That outcome would be a major setback for
America Online Inc. chairman and CEO Steve
Case. He personally lobbied Kennard and stirred
policymakers with fears that AOL customers would
be forced to pay unnecessary buy-through charges
to the AT&T-TCI-owned Internet-service provider
in order to reach their online and ISP choice --
namely, AOL.

Kennard's posture will undoubtedly come as
welcome news to TCI president and chief operating
officer Leo J. Hindery Jr., who proclaimed last
month that FCC-imposed unbundling of TCI's
@Home Network Internet-access service would
torpedo the merger.

According to an FCC source, Kennard is apparently
not persuaded that an unbundling edict related
specifically to the AT&T-TCI merger is a prudent
step.

FCC sources said the agency will act on the merger
before the end of March, even though Kennard said
two weeks ago that the commission might need
until the end of June.
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