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SBC Ameritech merger stirs monopoly concerns
SBC Communications moves to acquire Ameritech in a 57 billion deal aiming to create a national and international telecom giant. Regulators and consumer groups warn of reduced competition and higher rates. FCC scrutiny expected. The merged entity would control about 57 million phone lines, spanning 13 states with plans to expand into California Nevada and the Northeast. Critics say the megamerger echoes AT T and could hinder competition. SBC eyes long distance in time.
MENTIONED IN THIS ARTICLE
Chicago
SBC Communications Inc
Bell
Ameritech Corp
Federal Communications Commission
Bill Kennard
Kennard
SBC
Southwestern Bell
Pacific Telesis
Ameritech
At&t
At&t Corp
WorldCom Inc
Sbc-Ameritech
Bell Atlantic
GTE Corp
U.S
Travelers Group-Citicorp
NationsBank-BankAmerica
Midwest
California
Nevada
Connecticut
Gene Kimmelman
Consumer Union
Washington
FCC
Department of Justice
Kimmelman
Gary Miller
Aragon Consulting Group Inc
Miller