Rivals assail GTE on impact of bid for MCI
Article Abstract:
GTE has employed a full range of legal maneuvering attempts to stifle competition for its $28 billion MCI bid, according to rivals. The local-phone company, which defends its proposed acquisition as an effort to improve phone industry competition, has taken some legal action. GTE has sued to block federal laws that foster local competition and challenged state-imposed 'interconnection agreements' that permit new entrants to connect to its networks. GTE frequently has appealed states' orders to offer advantageous rates to new competitors. Another tactic has included seeking the same rules that exempt small carriers from opening their markets. GTE, with more than $20 billion in annual revenue, says the precedent applies to its smaller systems. Federal deregulation, passed in 1996, attempts to open local markets. Outgoing Justice Department Antitrust Division Chief Anne Bingaman characterized the GTE moves as 'scorched-earth litigation tactics.'
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
AT&T, 2 Baby Bells trade accusations as Senate is set to consider deregulation
Article Abstract:
AT&T, SBC Communications Inc and Bell Atlantic Corp are involved in a growing war of words in the battle over telecommunications deregulation, maneuvering and posturing as Congress prepares take up the issue. The Senate is getting ready to look into a landmark deregulation bill that would allow Baby Bells to compete in the rich long-distance market segment and let rivals into monopolized local telephone service. SBC, formerly the Southwestern Bell Corp, filed a motion in federal court claiming that AT&T is stifling competition and prompting the court to rein in its former parent. AT&T filed an antitrust lawsuit against Bell Atlantic, stating the company has been engaging in actions with the intent of stifling competition in the middle-distance toll call market. Bell Atlantic answered by publicly accusing AT&T of attempting to maneuver around Congress and those involved in telecommunications policy.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Group of 7 defines policies about telecommunications. Germany's telephone pie is just too big to pass up. Rich, 82, and starting over: thinking wireless, John Kluge builds his next empire out of thin air
- Abstracts: Kerrey vows to stall telecommunications bill; seeking changes, Senator calls it a contract with corporations
- Abstracts: Toll-call rivals call the Baby Bells big bullies. Baby Bells win possible delay of competition
- Abstracts: Federal agents arrest six hackers in cyberspace sting. AT&T's heir apparent jumps to a tiny firm that offers huge pay; Mandl faced a long wait for top job, saw others who left get rich fast; A $20 million signing bonus
- Abstracts: I.B.M. to buy ailing Edmark for $110 million. I.B.M. wins Lotus as offer is raised above $3.5 billion; taking aim at Microsoft; giant gains creative partner in $64-a-share accord - no antitrust issue seen