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Technology Stocks : IDT *(idtc) following this new issue?*

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To: rest42 who wrote (3974)4/8/1999 6:35:00 AM
From: rest42  Read Replies (1) of 30916
 
This should help.......AT&T Charging $3 Minimum Fee

By DAVID E. KALISH

.c The Associated Press

NEW YORK (AP) -- All of AT&T Corp.'s long-distance customers will soon receive a $3 minimum monthly charge, even if they don't make any long-distance calls.

AT&T, which has 70 million long-distance customers, introduced a minimum monthly charge last August, charging the $3 to plan subscribers and new customers.

In July, AT&T customers not currently signed up for one of the company's calling plans will also be assessed the monthly fee.

About 10 million AT&T customers make less than $3 a month in calls. AT&T, the nation's largest telecommunications company, said it needs the money to cover the $300 million a year it costs to service infrequent callers.

Minimum charges, until now, had been more limited.

MCI WorldCom, the second largest long-distance company, also has a $3 monthly minimum for customers who don't use its promotional calling plans, but doesn't charge the fee to its remaining customers, a spokeswoman said.

No. 3 Sprint, conversely, only charges a minimum fee to those who sign up for promotions.

AT&T said it would waive the fee for some low-income customers. But consumer groups said charges are hurting those customers least able to afford it.

''AT&T's new minimum charge is the latest example of telecommunications deregulation run amok, driving up prices for millions of consumers,'' said Gene Kimmelman, of the Washington-based Consumers Union, in a statement.

Kimmelman noted that other fees, ranging from $2-3 a month, already were instituted in the wake of telecommunications deregulation in 1996.

AP-NY-04-07-99 0032EDT

Copyright 1999 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. All active hyperlinks have been inserted by AOL.
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