Word: fcc
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Dates: during 1990-1999
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...Street Journal). But though both offers could be the better part of $100 billion, CNNfn reports that Sprint will choose MCI?s poorer dowry in a vote as early as Monday. What gives? The reason may be that a lack of post-handshake regulatory headaches may be priceless. "The FCC is a lot less likely to hold up a merger between long-distance companies (MCI and Sprint are Nos. 2 and 3 in that market, respectively) because there?s already a big fat competitor sitting right there," says TIME business writer Karl Taro Greenfeld. "In fact, some of the impetus...
...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. God knows how long how thatcould take...
Baby wants to grow up. Bell Atlantic, the northeastern offspring of the 1984 breakup of AT&T, has formally applied to the FCC for permission to take on its old Ma and offer long-distance service to its New York customers. The rationale dates back to the 1996 Telecommunications Act, which promised the Baby Bells their shot at one-stop telecom shopping - local, Internet and long-distance service all on one bill from one company - once long-distance carriers like AT&T had had their shot at breaking the Baby Bells' hold on local markets. Bell Atlantic claims that...
...them can?t offer competitive rates, leaving Bell Atlantic?s home base of New York, for all practical purposes, a one-company market." Reality, however, doesn?t have lobbyists; Bell Atlantic?s have for years been bending over backward to convince New York regulators (on whose go-ahead the FCC?s approval depends) that they?re ready, willing and legally able to wade into the long-distance fray. On their side is increasing political pressure from Congress for the 1996 act to start getting results; against them are the AT&Ts and the MCIs and the Sprints, who are having...
...people start to realize what's going on, more and more of them are wondering if any part of their personal lives is off-limits. That's one reason the FCC is objecting so loudly. As part of the 1996 Telecommunications Act, the FCC established strict "opt-in" privacy provisions, under which a consumer has to give his consent before his calling data can be made part of marketing campaigns for additional services or products. Not surprisingly, the telcos and other businesses prefer the "opt-out" approach, which costs less and bears more fruit. It gives companies the right...