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Technology Stocks : Newbridge Networks
NN 13.98+0.9%Nov 26 3:59 PM EST
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To: zbyslaw owczarczyk who wrote (11424)5/11/1999 12:24:00 PM
From: pat mudge  Read Replies (1) of 18016
 
May 11, 1999 12:15

Ameritech sees SBC merger by end June

ANTWERP, Belgium, May 11 (Reuters) - Ameritech Chairman and CEO Dick Notebaert said on Tuesday he expected the company's acquisition by SCB Communications Corp to be completed by the end of June after clearing all regulatory hurdles.

Notebaert also said he did not expect the Canadian regulatory authority to impose any conditions on Ameritech's acquisition of a 20 percent stake in BCE Inc's unit Bell Canada, adding that the deal should be completed by the end of May.

On SBC's plan to acquire the U.S. telecoms company, Notebaert noted that the U.S. Federal Communications Commission had stated its intention to complete its review before the end of June.

Therefore, he said: "I believe that we should have the merger process completed by the end of June."

Notebaert, speaking at a news conference in Antwerp after giving a speech at a conference, did not appear to be worried about a late claim by a regulatory agency in the U.S. state of Indiana to rule whether the deal was in the public interest.

On the acquisition of the Bell Canada stake, he said: "We expect no conditions in Canada...we should complete that transaction by the end of the month.

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