US Justice Department Approves Two Mergers of Phone Companies
Posted on: Friday, 28 October 2005, 09:00 CDT
US Justice Department approves two mergers of phone companies
WASHINGTON, Oct. 27 (Xinhua) -- The US Justice Department on Thursday approved the mergers of SBC Communications Inc. and AT&T, and of Verizon Communications Inc. and MCI Inc.
However, the department required Verizon and SBC to divest some local fiber-optic network facilities in 19 metropolitan areas.
Without the condition, the mergers would have resulted in higher prices for certain customers in eight metropolitan areas in Verizon's territory and 11 metropolitan areas in SBC's area, the Justice Department said in announcing approval.
The US Federal Communications Commission still must approve the deals and it scheduled to vote on the mergers on Friday at its monthly public meeting, though the decision could slip to next week.
SBC and Verizon already are the largest regional phone companies in the United States. SBC has decided to buy AT&T with 16 billion dollars and Verizon will buy MCI with 8.5 billion dollars.
Source: Xinhua News Agency - CEIS
Related Articles
- Bay Area Communities Rewarded for Focused Growth Initiatives
- Verizon Business, Department of Justice to Address Cybercrime Trends at Gartner Information Security Summit
- TreeVitalize Expanding to Three New Metropolitan Areas
- Live Nation and Ticketmaster Entertainment Receive Second Request From the U.S. Department of Justice Regarding Proposed Merger
- US Department of Justice Requires Verizon to Divest Assets in Alltel
- Verizon Adds 55 New Channels to FiOS TV Lineup - Including 53 in HD - for Washington Metropolitan Area Customers
- Statement of the Department of Justice's Antitrust Division on Its Decision to Close Its Investigation of the Merger of Delta Air Lines Inc. And Northwest Airlines Corporation
- New AT&T Extends Benefits of Bundling to Millions of Consumers; New Offers Result From Recently Completed SBC-AT&T Merger
- Breast Cancer Screening and Socioeconomic Status - 35 Metropolitan Areas, 2000 and 2002
- AT&T, Verizon, SBC complain about MCI
 |
 |
User Comments (0)
RSS Feeds