F.C.C. to open phone market to foreigners; move is seen helping U.S. companies abroad
Article Abstract:
The five-member Federal Communications Commission (FCC) will approve, on Nov 25, 1997, a World Trade Organization (WTO) agreement aimed at liberalizing international telecommunications. The agreement is expected to increase competition and force prices down by making it easier for foreign companies to offer services in the US. The agreement is also expected to open new opportunities for US communications companies doing business abroad. Newly appointed FCC Chmn William E. Kennard says the proposal represents a significant step toward bringing competition to worldwide markets, adding that unanimous approval is likely. The FCC also intends to raise the limit on how much of a US carrier can be owned by a foreign entity, without a strict review, from 25% to 49%.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
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Refereeing the future; while corporate interests collide, the F.C.C. chief seeks his niche
Article Abstract:
Bill Kennard's brief tenure as head of the Federal Communications Commission (FCC) has been marked by a turn toward dealing with how communications relates to social issues. One of his primary objectives is to expand Internet access to schools and technologically underserved communities. Kennard has a had slow start in developing relations with Congress and communications industry lobbyists as he is seen an outsider. This must change if he is to be successful in pushing telecom deregulation that encompasses his goals for social issues.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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