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Technology Stocks : GST Telecom (GSTX) 4th quarter earning -- Ignore unavailable to you. Want to Upgrade?

To: MangoBoy who wrote (258)	11/30/1999 9:40:00 AM
From: MangoBoy	Read Replies (2) \| Respond to of 369

[GST Telecommunications Reaches Settlement With US West Regarding Local Number Portability Complaint] VANCOUVER, Wash., Nov. 30 /PRNewswire/ -- GST Telecommunications, Inc., a leading Integrated Communications Provider (ICP) in California and the western United States, today announced it has reached a settlement with US West Communications regarding a complaint GST filed against the carrier earlier this year for its failure to implement Local Number Portability (LNP) in accordance with federal rules. Terms of the settlement are confidential. In June, GST filed a request with the Federal Communications Commission (FCC) to resolve the complaint on an expedited basis utilizing the "Rocket Docket" procedures adopted by the FCC to address cases or complaints which have an immediate bearing on telecommunications competition. By utilizing the Rocket Docket procedures, GST was able to expedite a settlement with US West. As a result, GST will suspend further pursuit of the formal complaint. "We applaud the efforts of the Accelerated Complaint Resolution Branch of the FCC," stated Brian Thomas, vice president of external affairs of GST. "The FCC established the Rocket Docket procedures to expeditiously solve carrier problems emerging as a result of a more competitive carrier environment. From GST's perspective the process worked the way it was intended, and further enhances the company's ability to compete effectively moving forward." Local Number Portability allows customers to retain their existing phone numbers when changing to another local telephone service provider. LNP was mandated by Congress as part of the Telecom Act of 1996 in order to level the playing field between the Incumbent Local Exchange Carriers, such as US West, and competitive exchange carriers, such as GST.