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FCC approves price cap rules to cut local phone bills
The FCC on Wednesday adopted price cap regulations for the eight largest local phone companies to reduce interstate rates for long distance access. Effective Jan 1 1991 the plan ties price changes to inflation minus a productivity factor with a profit sharing mechanism. AT&T praised the reform saying it balances seller and buyer interests and benefits consumers while encouraging efficiency.
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Washington
Federal Communications Commission
FCC
Commission
American Telephone & Telegraph Co
At&t
Capitol Hill