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NEW YORK: How many phone companies are in your future? Fewer than there are now -- but if you're lucky, each of them will do a lot more for you than the former AT&T monopoly. Tuesday's announcement that local phone giant Bell Atlantic will swallow GTE certainly positions...
"Bell Atlantic, AT&T -- all these companies want their brand to be one-stop shopping: local phone service, long-distance service and Internet access," says TIME business correspondent John Greenwald. "The FCC just needs to ensure that there are more than one of these brands in each market." Under the...
TIME Daily Washington correspondent Declan McCullagh says that the ageless consumer watchdog demanded that Kennard hold hearings on the grounds that "the addition of AT&T's muscle would strengthen TCI's government-permitted monopoly on cable rather than give consumers more choice." Notes McCullagh: "The argument is that the...
However Wall Street may have viewed the deal, some regulators saw it as a welcome spur to local competition--even as the Baby Bells howled. William E. Kennard, chairman of the FCC, says the merger looks "eminently thinkable." That hardly heartened US West and Bell Atlantic--which last year gobbled...
Armstrong must still contend with those ornery Baby Bells. Even if all 33 million households in neighborhoods that TCI serves were to buy AT&T local service, the company would remain shut out of two-thirds of the country's homes. Armstrong hopes to make inroads with a so-called...