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To: stock_bull69 who wrote (14345)	5/3/1999 12:27:00 AM
From: Uncle Frank	Respond to of 41369

OT >>Am seriously thinking of checking out Direct TV at Circuit City but old habits die hard! Not even an option for me; I'm hooked on the local news shows, which I can't get over Direct TV, and live in an area where antenna reception is very poor. TCI is a sticky portal to me, darn it. Frank

To: stock_bull69 who wrote (14345)	5/3/1999 12:29:00 AM
From: CGarcia	Respond to of 41369

SBC opposes AT&T-MediaOne deal April 30, 1999 03:22 PM SAN ANTONIO, April 30 (Reuters) - SBC Communications Inc. Chief Executive Edward Whitacre told the annual meeting here Friday that the company opposed AT&T's Corp. T proposed takeover of cable company MediaOne Group Inc. UMG . Whitacre said fairness for consumers and the entire industry was at stake in the proposed $58 billion AT&T-MediaOne deal. "Cable monopolists don't have to play by the same rules as the rest of the industry and they receive different treatment by regulators," he said. "Consumers and competitors deserve better." "We've all witnessed the demise of the telephone monopoly. Now, unless regulators act, we will watch the birth of a nationwide cable monopoly," said Whitacre. SBC is awaiting Federal Communications Commission and Illinois Public Utility Commission approval of its proposed $61 billion takeover of Ameritech Corp. AIT . Whitacre said this was the first time that SBC had ever proposed a telecommunications acquisition, and he told shareholders he was "very confident" the deal would be approved. "I'm very confident we will get this done by mid-summer," he said. He said SBC has been in negotiations with the FCC for the past three weeks to "work out the final conditions of the deal." "We'll get it done," he said. The FCC has questioned whether an SBC-Ameritech merger would make the phone companies less willing to open their systems to competitors providing local phone service. Whitacre said a combined company would have annual revenues of about $45 billion and annual profits of $7 billion. The FCC wants SBC to have won approval in at least one state to provide long distance service. Whitacre said the company took a big step in that direction on Thursday when the Texas Public Utilities Commission voted unanimously to allow the company to get into the long distance market in Texas. The SBC chief said the Texas commission's decision still required FCC approval, but he expected this approval would come easily. ((--Jeff Franks, Houston Newsroom, (713) 210-8513)) REUTERS