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Technology Stocks : WCOM

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To: VFD who wrote (4540)5/28/1999 2:25:00 PM
From: Anthony Wong  Read Replies (2) of 11568
 
Long-Distance Carriers Ask N.J. for Local Access, Paper Says

Bloomberg News
May 28, 1999, 1:07 p.m. ET

Trenton, New Jersey, May 28 (Bloomberg) -- AT&T Corp., MCI
WorldCom Inc. and other long-distance phone carriers want to
enter New Jersey's local phone market but told the state's Senate
Commerce Committee they can't make a profit unless Bell Atlantic
Corp. makes concessions, the Star-Ledger of Newark, New Jersey,
reported. The state Board of Public Utilities has proposals to
resolve technical obstacles to competition, but the companies
want the changes to come more quickly. The companies want a
reliable computerized system that would allow Bell Atlantic
customers to switch to a rival company, and the companies want
the ability to lease sections of the regional Bell's network at
reasonable rates, the paper said.

Bell Atlantic-New Jersey President and Chief Executive
William Freeman presented a five-point strategy for fair
competition to New Jersey legislators yesterday that called for,
among other things, the opening of the long-distance, data and
cable markets.

(Star-Ledger of Newark, New Jersey 5/28 42 www.nj.com)
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