Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications-News Only!!! (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: P2V who wrote (871)	1/8/1998 6:44:00 PM
From: Maverick	Respond to of 1629

Bell Atlantic Statement on AT&T Acquisition of Teleport Communications Group NEW YORK, Jan. 8 /PRNewswire/ -- Bell Atlantic (NYSE: BEL - news) today issued the following: This deal puts the lie to everything that AT&T and the long distance companies have been saying about the state of local competition. The fact that AT&T is willing to pay billions for a Teleport confirms the very thing they've tried to deny: local markets are open to any competitor who wants to enter them. This announcement should clear the smoke once and for all, and regulators should finally allow us to offer the same set of services, including long distance, that others can. The AT&T-Teleport deal simply confirms the validity of our strategy: to achieve long distance entry, to continue to strengthen the capabilities of our network, and to provide the best customer care in the industry. We know Teleport very well, having competed with them for business customers for the past ten years, and we've more than held our own. Our network is more ubiquitous, more robust and more flexible than theirs, and we've been winning back customers from them with superior network capabilities and service. We're confident we can take them on in the residential market as well. Bell Atlantic -- formed through the merger of Bell Atlantic and NYNEX -- is at the forefront of the new communications, information and entertainment industry. With 40 million telephone access lines and 5.8 million wireless customers worldwide, Bell Atlantic companies are premier providers of advanced wireline voice and data services, market leaders in wireless services and the world's largest publishers of directory information. Bell Atlantic companies are also among the world's largest investors in high-growth global communications markets, with operations and investments in 21 countries.