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Moved PermanentlyMoved PermanentlyFortune Investor DataBellSouth has the cash to outbid almost anyone, but that $7-a-share premium is for a deal that could face serious problems going through. "This is a Baby Bell trying to get into long distance, and BellSouth alone has already been rejected [as a potential long-distance carrier] by the FCC three times," says Greenfeld. "Until AT&T can make a real business out of offering local service over their phone lines, the FCC is likely to make any BellSouth wait ?- and that doesn?t even include state-by-state approval by state regulators...

Author: /time Magazine | Title: In Telecom, Money Can't Buy You (Fed) Approval | 10/4/1999 | See Source »

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